First Crowd-Sourcing of Solar Sells Out Fast

Solar Mosaic Inc., which operates an online marketplace that lets individuals fund public solar projects, said investors can earn a 4.5 percent return on rooftop power plants, better than 10-year Treasury bonds that currently yield less than half that, reports Andrew Herndon at Bloomberg News. The website had already facilitated about $1.1 million in investments from 400 people to finance 12 rooftop solar plants in California, New Jersey and Arizona. Mosaic’s new crowdfunding model to finance renewable energy relies on individuals, not banks or institutions. Investors can take part in high quality clean energy projects for as little as $25, and earn a return that is better than most other investment products available to the general public, noted company president Billy Parish.  “To rapidly deploy clean energy, the industry needs access to low cost capital and lots of it. We are able to source capital from the crowd and lend that capital to clean- energy developers at lower interest rates than they would get from banks.” He added.  Full investor repayment is expected within 9 years. Shares sold out in 24 hours, reported the San Jose Mercury News.

Join the swelling numbers of voters TELLING Congress they’ll vote for Clean Energy candidates here: http://signon.org/sign/we-are-the-clean-99?source=c.em.cp&r_by=487176 . This is an ongoing campaign (the next Congressional election is in 2 years!) so please, spread the word. It’s our way of telling Congress that a strong clean energy voting bloc is out there. This is how YOU can make a difference.

 Source

 Solar Mosaic’s Crowdfunding Beats Treasuries With 4.5% Return …

http://www.bloomberg.com/…/solarmosaic-s-crowdfunding-beats-tr…

1 day ago – Solar Mosaic Inc., which operates an online service that lets individuals fund solar projects, said investors can earn a 4.5 percent return on http://www.bloomberg.com/news/2013-01-07/solar-mosaic-s-crowdfunding-beats-treasuries-with-4-5-return.html

 Mosaic’s crowdsourced solar projects sell out

San Jose Mercury News ‎- 5 days ago

 Solar CrowdFunding: Assembling the Mosaic – Forbes

http://www.forbes.com/…/solarcrowdfunding-assembling-the-mosa

1 day ago – Mosaic – a company that has created a crowdfunding platform for solar projects – announced today the release of a new platform that lets

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About melharte

Mel (Mary Ellen) Harte is a biologist (PhD) and climate change educator. She co-authored the free online book, COOL THE EARTH, SAVE THE ECONOMY, available at www.CoolTheEarth.US, and writes the CLIMATE CHANGE THIS WEEK column at the HuffingtonPost. Living summers in the alpine Rockies, she is on the frontlines of watching what climate change can do. Her diagnostic digital photographs of wildflowers have appeared in numerous publications.
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