Is solar the perfect application for crowd-funding? Great story.
Originally posted on Gigaom:
When I first wrote about Solar Mosaic, a startup that’s been building a kind of Kickstarter around funding solar roofs, I was excited about their idea of leveraging crowd-funding to offset the large costs of solar rooftop installations. But the company is only just about to launch the truly disruptive part of its business: as early as this Summer Solar Mosaic plans to start offering people a way to buy into rooftop solar panel projects, and make back a return on their investment over time.
Essentially for the investor it will be like buying the safe and predictable return of a mutual fund. The way it works is that a building owner will lease the solar equipment and enter into a contract for a fixed, low, electricity rate, commonly over about two decades. Solar Mosaic is working with solar lease providers like Sungevity, but Solar Mosaic is the…
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