Solar project crowdfunding site Mosaic, has received approval from securities regulators to offer $100 Million worth of solar investments to residents of California. Billy Parish, Co-Founder of Mosaic said, “California has always been a leader in solar energy. We’re thrilled that now any resident of California can invest directly into solar energy for as little as $25”.
In January of this year, Mosaic launched their first return on investment solar projects to the public, selling out all three in less than 24 hours with over $300,000 invested. Since then, Mosaic has partnered with Standard & Poor’s, DuPont and Distributed Sun, among others, as part of the truSolar working group to increase the efficiency with which projects can be evaluated in order to maintain high-quality standards while reducing the time that it takes to bring solar projects to investors.
As one San Francisco-based investor Rosana Francescato said, “Mosaic is enabling people like me to benefit from solar power while providing a good return on investment– an opportunity previously only available to major investors and banks. I invested in several projects, the process was easy and it only took a few minutes.”