CROWD FUNDING RESIDENTIAL SOLAR

Mosaic And Connecticut Team Up On Crowd Funding Of Residential Solar

Michael Puttre, 5 February 2014 (Solar Industry)

“Solar project crowd funding pioneer Mosaic is expanding its activities into the residential solar sector….Connecticut's Clean Energy Finance and Investment Authority (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 in the loan pool will be offered to accredited investors through Mosaic's crowd-source investment website. The Hampshire Foundation Inc., which has committed $1 million of its own funds, will also offer investment opportunities to its clients as part of the program…[T]he residential financing options…[will soon be] built into the Mosaic online marketplace…[I]nvestors can expect similar rates of return that they have seen from commercial projects…” click here for more

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