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Thursday
Sep052013

clean crowd

Mosaic is a heartening example of how capitalism and green energy can benefit each other -- and us. Alternative energy boosters who are interested in putting their money where their mouth is can now turn to Mosaic, an online market for investing in solar energy. Investors may put in small sums, like $25, or huge amounts, in the venture of their choice. Target your money locally, or send it far away. Recent projects include a 322kW array of solar panels on farmland in Gerber, California, which raised nearly $300,000, and a 102 kW solar array on an affordable housing complex in San Bruno, California, which raised nearly $100,000. Mosaic projects are intended to repay their investors, with interest, as the solar power starts earning revenue. Ideally, you profit from your investment, the solar owner profits from the sale of electricity, Mosaic earns 1% on all the loans, and the earth benefits from the use of clean power.  I'm all for this kind of partnership between profit and improvement.

 

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