Interested in promoting solar energy? Californians can invest a portion of their savings in small solar projects that promise a better rate of return than many conventional investments. Mosaic, an Oakland startup, is offering Californians the opportunity to invest in solar projects in a crowdfunding style similar to Kickstarter, except Mosaic pays investors back with interest.
Mosaic was developed out of a project called Solar Mosaic. While Solar Mosaic operates on a larger scale, with about 400 investors and $1.1 million in capital, Mosaic is focused on small-scale private investors. You can invest as little as $25 and have a positive impact on rooftop solar projects in urban areas.
Mosaic says the likely return will be in the 4.5 percent range. This rate beats out traditional investments such as T-bills. Of course, these investments aren’t risk free. There’s always a chance a project will fail. The new project is popular, however. By mid-afternoon on the first day of business, Mosaic drew enough investors to fully back a planned 55 kilowatt rooftop solar installation on an affordable housing project in the Bay Area. New investors continue to pour in as people turn their interest in solar energy into a worthy investment.