People across the United States have undoubtedly heard of Kickstarter, the world’s largest funding platform for creative projects. Modeled after this tool, California-based startup Mosaic is a business that connects investors to high-quality solar projects, giving them a chance to earn money while also making a difference.
According to MercuryNews.com, a Silicon Valley media outlet, Mosaic revealed on April 8 that state securities regulators gave the company permission to offer $100 million worth of new solar energy investments to residents of the Golden State. Now, instead of having to register each individual project with state officials, Mosaic can begin crowdsourcing funds for a number of initiatives.
While there are admittedly risks involved for folks who invest through Mosaic and the rate of return is not guaranteed, the source states that the startup has attracted the attention of big-name celebrities like Mark Ruffalo and notable environmental activists such as Bill McKibben. Individuals interested in funding a project can pay as little as $25. At this point, there are more than 1,000 people across 44 states who have contributed, though half of them live in California.
“Mosaic is opening the door to allow more people to participate in the benefits of the solar economy,” said Adam Browning, a representative from San Francisco’s Vote Solar Initiative. “And they are focusing on small commercial systems – an undercapitalized niche with a huge potential.”
If you’re a California resident hoping to purchase solar energy solutions for your home, it’s a good idea to get in touch with a company like West Coast Solar whose knowledgeable staff can take you step by step through a fully integrated construction process. We have an extensive background in the roofing industry and will take care of the entire installation to guarantee that you’re getting the best quality products and services. We’re also happy to answer any additional questions you have that may help inform this important decision.