Published on May 20th, 2013 | by Joshua S Hill5
Mosaic Find 800 Investors Per Million For Crowdfunded Solar Projects
May 20th, 2013 by Joshua S Hill
Mosaic have been a big success around here since we first heard about them, unsurprisingly given their innovative method of crowd-funding renewable energy solutions. It turns out that we’re not the only ones excited, though, as Mosaic have just announced that 823 people have invested in their largest solar project ever, a 487 kW installation on New Jersey’s famous Wildwoods boardwalk.
As the map above clearly illustrates, those investing in the project come from all across the US — a total of 42 states — ranging from ages between 18 to 86! Mosaic have worked out the key to success — involve those who want to be involved! So far investors have funded over $1 million towards the project, investing as little as $25 but ranging all the way through to $50,000.
According to Billy Parish, founder of Mosaic, their model works like this;
Via our platform, we’re making it possible for anyone to invest as little as $25 in financingsolar energy projects all over the country. Our investors create more clean energy and they earn returns on par with the best and safest financial products currently available.
Investment opportunities are available for Phase III in the Wildwoods solar project, following the previously successful Phase I and II. Broken up into “bit-sized pieces” to make it a more palatable option, current investment is open to any resident of California as well as accredited investors from across the United States.