Mosaic, a clean energy marketplace, just topped $1M invested on their biggest solar project to date with over 800 investors from 42 states across the country. Mosaics solar investments offer a way for individuals to go solar for as little as $25 and earn expected returns of 4.5%-6.38% per year, varying by project.
Mosaic's expected yield is competitive with stocks (with the S&P 500 averaging 4.5% from 2003-12) and corporate bonds (averaging 5.20% from 2003-12) and significantly greater than that of Treasuries (1.90%) and CDs (0.50%). The company has made 100% on-time payments to date.
Mosaic just released an infographic illustrating the project that invites investors to put their dot on the map by investing in Mosaics newest and biggest solar project, a 487 kW installation on New Jerseys famous Wildwoods boardwalk. More than 823 people have invested in the Wildwoods project so far, creating enough electricity to power 50 American homes.
The youngest Mosaic investor is 18 while the oldest is 86, with average at 41 years old. For the estimated 75% of Americans who cant go solar on their own roofs, Mosaic offers a way to help promote solar power generation.
"As a banker, I view solar infrastructure investing as a safe and predictable asset class. I'm thrilled to see the public gain access to this type of investment, said Marco Krapels, Executive Vice President of Rabobank and Mosaic Board Member.
In January, Mosaic launched its first return on investment solar projects to the public, selling out all three in less than 24 hours with over $300,000 invested. Since then, Mosaic has partnered with Standard & Poors, DuPont and Distributed Sun, among others, as part of the truSolar working group to standardize risk assessment and develop a score — similar to a credit rating — for each solar project.
