Google recently installed 8300 solar panels on roof tops of eight buildings and solar carports at headquarters office in Mountain View, California. Google has set a goal of creating 50 megawatts of new renewable energy-generating capacity by 2012. This 1.6 megawatt (MW) solar panel installation generates 30% of the peak power necessary to fuel the corporate Headquarter buildings and enough to power 50,000 homes.
This project is the single largest solar panel project undertaken by any corporation in the world. It is estimated that Google will save more than $393,000 annually in energy costs or close to $15 million over the 30-year lifespan of its solar system.
Google has not declared the cost of the project, but it is estimated that this took almost 7 million dollars. The question is that, given high price of equipment to generate renewable energy, Is it financially viable for every corporation to take up projects like these ?