From Forbes to Fortune, Bloomberg to the Wall Street Journal, a young company named Mosaic has been getting a lot of attention of late. Why? Because Mosaic is bringing crowd-sourced funding to the world of solar PV.
Crowdfunding is nothing new. Companies such as Kickstarter have allowed individuals to fund everything from their next indie film to extensive out of pocket medical bills with pooled donations from family, friends, and other supporters. But thanks to last year’s JOBS Act, debt-based crowdfunding is now an option as well, in which investors come together to fund startups and small businesses in return for repayment plus interest from a company like Mosaic.
It’s inclusive, meaning that investors of all shapes and sizes can get into the game. And it currently makes for a good, low-risk investment. Mosaic — with more than $1.1 million invested in solar projects to date — boasts 4.5 to 6.5 percent risk-adjusted annual returns, besting the latest interest rates on 30-year Treasury bonds.
But much of the crowdfunding solar coverage under-emphasizes a key point: funds raised from the crowd…
Read More at ThinkProgress