/// Mosaic Helps the Little Guys Invest Directly in Solar
Similar to Lending Club or Prosper, Mosaic is a site that helps people with a little extra money to invest get a fairly reliable return by helping others out with loans. But Mosaic is specifically focused on loans to solar developers, for projects needing smaller loans — say $100,000, versus the $20 million or so that would catch a larger lender’s eye. And it divides those loans into chunks that its lenders commit individually. So far, Mosaic has raised $1.2 million from more than 1,000 investors to fund 12 rooftop solar projects in California, Arizona and New Jersey. The company is today posting a new batch of solar projects that promise estimated annual returns of 4.5 percent. The last batch sold out within a day; at $900,000 in total projects, this batch is three times larger. “The fastest way to transition to clean energy is to allow more people to participate,” said Mosaic co-founder and president Billy Parish, adding that Mosaic expects to have more easily available inventory in the future and to expand into areas beyond solar.
- 09/14/2014 • SAG-AFTRA Exec Named Chair of Conference of California Bar Associations
- 09/11/2014 • Studios Need to Alter Their Mind-Set to Keep Productions in California
- 08/29/2014 • California Boost: Will Tripling Tax Credits Work?
- 08/16/2014 • Lawmakers Unveil Overhaul of California’s Film and TV Tax Credit Lottery