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Solar installer, Justin Woodbury secures solar panels for a photovoltaic solar array system on the roof of a house in the Sorrel Ranch area, near e-470 and Smoky hill Road in Aurora Friday afternoon in record temperatures. Andy Cross—Denver Post via Getty Images

Google is investing $300 million in a fund designed to help people install solar panels on their houses.

The fund is being created by SolarCity, a fast-growing solar energy startup that boasts SpaceX CEO Elon Musk as its chairman. SolarCity has attracted $750 million overall for the fund, which will finance solar panel installations for homeowners in 15 states. Homeowners who install the panels will then pay SolarCity for the electricity they generate.

“It’s good for the environment, good for families and also makes good business sense, ” Sidd Mundra, Renewable Energy Principal at Google, said in a statement.

The investment is Google's largest in renewable energy projects.

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Google Driverless Car The Google Self-Driving Car has been in the works since 2005 after a team of engineers won a grant from the U.S. Department of Defense to design an autonomous car. The project, which aims to reduce traffic accidents, has made headway in recent years as states passed laws permitting self-driving cars. Google plans a commercial release between 2017 and 2020.David Paul Morris—Bloomberg/Getty ImagesGoogle Driverless Car The Google Self-Driving Car has been in the works since 2005 after a team of engineers won a grant