Posts Tagged ‘crowdfunding’
Source: Solar Mosaic
One of the biggest barriers to converting to solar power has always been the initial outlay involved in the installation of panels, and connecting to the grid where necessary. In the last ten years the concept of a Solar Lease, similar to that of a car lease, has led to the expansion of the industry with traditional investors being banks, energy companies, and private equity firms. US organisation Solar Mosaic, based in Oakland California, have opened up the idea of solar leasing so that anyone can invest in solar projects to help local communities and “Bank on the Sun”; “Mosaic is a platform where people come together to create local clean energy in their communities and around the world.”
The Solar Mosaic website explains how their platform works:
1) Invest in a Project
Choose a solar project to invest in. Each project has been carefully vetted by Solar Mosaic to ensure that your investment creates local clean energy, green jobs and benefits a site host that is financially secure and has a good roof.
2) Your Project is Installed
After you and all your friends invest in the project, the project will be installed. You’ll receive updates as your project is funded, installed and connected to the grid.
3) Get Paid Back
As your investment produces clean solar electricity, the building owner will save thousands of dollars on their utility bills. Low monthly lease payments along with other incentives will go towards paying you back. All of our current projects operate under a zero-interest loan model, meaning that if you put $100 in, you’ll get $100 back over the number of years specified in the project.
What’s in a name?
Tile mosaics are works of art where many pieces come together to form a whole. In the same way, Solar Mosaics are solar projects where many people come together to fund a solar installation.
Mosaic is a place where you can create and fund solar projects
The solar economy is undergoing unprecedented growth. We’ve created Mosaic so you can invest in solar power anywhere and take part in the solar revolution.
Mosaic is helping to build the new energy economy
We’re a new way of financing and unleashing solar for communities across the world. Mosaic’s mission is to democratize the financial and environmental benefits of solar.
The projects are powered by people like you
Together we can create a world powered by 100% clean energy. We are excited to have you join Mosaic. Sign up and invest today.
Solar Mosaic have also produced an interactive guide to help in the development of your own solar project.
Read more about Solar Mosaic and their current projects on their website.