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Solar Power of the People, by the People and for the People

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Tired of playing the stock market? Wish you were in a position to invest in things that really matter, instead of just another bloated corporation? That alternative may finally be here.

Mosaic first made waves a few years ago with a platform to help communities crowdfund their own renewable energy projects. The idea, which we reported on here, was a solid one. The only problem was a limited number of projects and the fact that contributors didn’t see any return on their investment, besides a sense of community and personal satisfaction. It was kind of like when you donate to a Kickstarter campaign and just get a thank you note in return.

Just last week, the company made headlines again. This time, Mosaic announced that they were taking their crowdfunding investment scheme public. Anyone living in New York or California, or “accredited investors” living in other states, is invited to contribute what money they can, just like a typical crowdfunding campaign. The difference is, every cent contributed will be used to construct large scale solar projects across the nation, and the revenues are used to pay investors a handsome rate of interest.

“We see a massive transition coming from fossil fuels to clean energy, and we think people should be able to profit from that transition,” said Billy Parish, Mosaic’s President. “Mosaic is creating the architecture for mass participation in the clean energy economy.”

It’s hard to disagree with him. Why should venture capitalists and energy companies be the only ones to benefit from the efficiencies of solar, wind and other forms of renewable energy? Also, why should we wait for them to decide it’s time to invest? Solar Mosaic’s public investment program puts the power to move forward on commercial scale solar into the hands of ordinary people like you and me.

The new online platform for investors opened on January 7th. Within 24 hours the first four projects were completely sold out, i.e. funded. Can you imagine getting funding from a bank or private investor that quickly? Over 400 investors took advantage of the opportunity, putting in between $25 and $30,000. In total, investors put in over $313,000 with an average investment of nearly $700. Unfortunately, I’m not a resident of the two qualifying states. If I were, it’d be no problem to scrape together $25 to help build a solar farm. And if I kept reinvesting it, that $25 could grow into much more with out a lot of effort on my part.

Mosaic’s first investment offerings for New York and California residents are in solar projects on affordable housing apartments for low-income residents in California and offer a 4.5 percent annual return, net of servicing fees, with terms of approximately nine years. With 10 year Treasuries at near historic lows, Mosaic’s expected yields are competitive with the best investment products on the market. And there’s no scary investment firm or high priced broker involved. It’s just you, your laptop and a few easy clicks.


Read more: http://www.care2.com/causes/solar-power-of-the-people-by-the-people-and-for-the-people.html#ixzz2pUMLjV4G


Mosaic Prepares To Launch Another $100M In Solar Crowdfunding Platform

Mosaic Prepares To Launch Another $100M In Solar Crowdfunding Platform

Mosaic, a startup allowing people to invest in solar projects, announced today that it has received regulatory approval for its next wave of crowdfunding efforts in California, worth a total of $100 million in investment.

The site opened to the public back in January with three projects that were fully backed in less than 24 hours. In total, the company says that it has raised $1.1 million from more than 1,000 investors to fund 12 rooftop solar power plants. Co-founder and President Billy Parish added that after Mosaic made the announcement this morning, it launched a project for that needed $157,000 in funding, and it raised the amount in six hours.

Mosaic investors choose the projects that they want to back, and they can invest as a little as $25. Once those projects start earning revenue, the investors are paid back with interest. The company estimates that investors will see a 4.5 percent return on average.

Each project on Mosaic has to be approved by regulators, Parish said, but getting that approval is “less time/cost intensive now.” As for that $100 million in just-approved projects, Parish said we can expect more to be listed on the Mosaic site soon.

And here’s a new promotional video that Mosaic released today.

(VIA. <a href="“>Tech CRUNCH)