Jan-14-13 By IdeaConnection
Mosaic is a solar project financing company that aims to be the ‘Kickstarter for solar’. Last week it launched a new online platform that lets individuals invest as little as $25 in solar initiatives.
Within 24 hours the first project had attracted 400 investors who pitched in $313,325 to fully fund a number of rooftop solar projects. Investments ranged from $25 to $3,000. The average investment amount was nearly $700.
The big difference between Mosaic and Kickstarter is that it promises to pay investors a return, with an interest rate that varies from one project to another.