Solar Market Challenging But Crowdfunding An Opportunity

MosaicComing from the pages os PV Magazine is a report that the Solar Market Remains Stock Still.  The article states the;

The sector remains a challenging place to do business, as long as subsidies continue to shrink worldwide and panels remain plentiful

One of the few areas in the solar realm which is encouraging is the one that incorporates crowdfunding.  Specifically the platform Solar Mosaic which launched which a some fanfare earlier this year when their initial go at project funding sold out rapidly:

And finally, in a development that will benefit the average, small investor, Oakland, California-based Solar Mosaic made big news early in January when it announced that the first set of three rooftop photovoltaic projects offered up on its online crowdfunding platform sold out in less than 24 hours.

Similar to the way in which the Kickstarter site has enabled small investors to fund creative projects, Solar Mosaic enables them to support local solar development – and to earn back their investment once the installations are completed.

The sun

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

Solar Mosaics successs is not only affirmation for solar energy but for the many aspects of the economy which can benefit from the efficiency crowdfunding can bring to finance in general.

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