CROWD-FUNDED SOLAR COMES TO CONNECTICUT

Mosaic And Connecticut Team Up On Crowd Funding Of Residential Solar

Michael Puttre, 6 February 2014 (Solar Industry)

"Solar project crowd funding pioneer Mosaic is expanding its activities into the residential solar sector. The company has partnered with Connecticut's Clean Energy Finance and Investment Authority (CEFIA) and Sungage Financial to package loans made to homeowners for building photovoltaic power systems into investment opportunities…CEFIA has provided an initial $5 million commitment to fund originations of the consumer loans. Participating solar installers serving the Connecticut market will be able to offer the loans to their customers. The loan product, developed by Sungage Financial, uses projected energy savings as the basis for the offering...[Investments] will be offered to investors with a 15-year term and expected yields of 4.7% to accredited investors through Mosaic…The Hampshire Foundation Inc., which has committed $1 million of its own funds, will also offer investment opportunities…” click here for more

click to enlarge

Tweet