You don’t have to be a millionaire to put your money to work and feel good about your investments, because now average-Joe investors have a chance to get in on a rooftop solar project in the South Downs for as little as £5. Instead of that cup of coffee or other impulse buy, a few pounds gets you a chunk of renewable energy.
The crowd sourcing project allows for small-time investors to purchase a return of 5.7-8 percent of the project’s profits over 25 years.
Officials said that a minimum of £500,000 was needed to ensure that Padero Solar, the company installing the home panels, could begin installations.
This isn’t the first crowd-funded investment in the UK. A wind project initially went kaput after the German turbine supplier went belly-up, but that project has been restarted and needs about £130,000 to reach its minimum target.
Source: Business Green
Image: MrSegul via Shutterstock
Chelsea is a former newspaper reporter who has spent the past few years teaching English in Poland, Finland and Japan. When she wasn't teaching or writing, Chelsea was traveling Europe and Asia, sampling spicy street food along the way.
