SolarCity plans IPO

Google and rooftop solar power company SolarCity announced a $280 million investment deal Thursday, the largest such deal for home-based solar power systems in the United States.

By Stone Fox Capital:After reporting on the extreme valuation of Tesla Motors, Inc. (TSLA) (see Has The Future Changed That Much For Tesla Motors?), another Elon Musk stock soared to levels making Tesla appear cheap.

By Saibus Research:We previously published our research report on how Tesla Motors (TSLA) was racking up losses, burning through cash as if it was an arsonist and its production difficulties.

Tom Lydon submits: The recent market pullback has been cruel to clean energy and solar exchange traded funds. Solar ETFs have seen losses totaling around 20% over the past three months. Now technology giant Google (NasdaqGS: GOOG) is taking part in an alternative energy investment plan designed to benefit the environment, while helping out homeowners who are interested in solar energy panels.

The company's $1-billion SolarStrong project would add rooftop solar installations at 124 military housing developments in 33 states.

Residential solar power provider SolarCity and the U.S. government announced a deal Wednesday to put solar panels on military housing units, a move that could double the number of rooftop solar power installed in the United States.

Google says its deal with SolarCity, a solar panel installation company, is the biggest green investment it has ever made. SolarCity will use the Google fund to help finance rooftop installations.In a move that could boost solar energy use in homes, Google Inc.