How crowdfunding solar power is democratizing the way we finance clean energy

Less than 24 hours after Oakland-based Mosaic allowed crowdfunding campaigns in January 2013 in which investors could pitch as little as $25, they raised enough money to fund four clean energy projects in California for affordable housing projects. More than 400 investors raised $313,000. The investors, on average, paid about $670 each.

Last week, Mosaic launched a new platform on their site, allowing people to finance solar arrays on homes, in addition to the commercial projects already being funded. Since its initial launch in 2010, company has raised more than $7 million in investments through crowdfunding with a 100 percent payback rate. In its seed rounds, Mosaic raised $3.4 million from venture capitalists. In 2012, Mosaic received a $2 million grant from the Department of Energy.

The biggest project to date is installing solar panels on 1,500 military homes in Fort Dix, New Jersey. Another successful project included installing a solar roof on Pinnacle Charter School in Denver, Colorado, which doubled as clean energy education for the students.  Full Article.

Comments (0)

This post does not have any comments. Be the first to leave a comment below.

Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

DPW Solar Power Rail™

DPW Solar Power Rail™

The Power Rail™ hardware system is the professional grade choice for mounting PV Modules on residential roofs and commercial structures. Featuring revolutionary RAD™ lock-in-place hardware, grounding and pre-assembled clamps, the Power Rail mounting system offers installers both labor and time savings. What sets this mounting system apart are eight rail choices for reducing costs over a broad range of span distances. Since 1993, DPW Solar mounting systems have provided installers the right combination of innovative products, cost savings and proven solar mounting technologies.