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Residential solar installer SolarCity acquires the residential business of GroSolar, in a move to offer its photovoltaic panel leasing in the Northeast.
Google will invest $280 million to create a fund to finance the installation of residential solar panels with lease model that cuts the upfront costs.
On Earth Day, CNET looks at one of the central questions around green tech: how quickly green innovations can be developed and put in place on a large scale.
Acquisition will increase GroSolar's presence in California, bolstering its efforts to be a national player in residential solar installations.
With new city solar incentives, households in San Francisco can get solar power for less than the cost of electricity from the grid, leasing panels from installation start-up SolarCity.
The key to speeding solar power adoption is financing. Start-up offers solar panel leasing program in three states for a relatively small up-front fee.