Retail financial innovation is catching up with technological innovation and government energy policies that are making solar photovoltaic (PV) power systems affordable for a much broader range of the US population. Solar Mosaic made a big splash earlier this month when it announced that the first set of three rooftop solar photovoltaic (PV) projects offered up on its crowdfunding platform sold out in less than 24 hours.
The Oakland, California–based start-up is wasting no time in seeking to build on the success of the public launch of its innovative online solar energy investment marketplace. Management on January 29 announced that Mosaic is joining with 16 solar industry market leaders (including Standard & Poors, DuPont, TruSolar and others) in order to “make the sun bankable.” Together, the partners intend “to standardize risk assessment and develop a score – similar to a credit rating – for each solar project” Solar Mosaic offers up on its crowd funding platform.
Read More at CleanTechnica