GIGAOM - While crowdfunding is a tiny blip on the radar of the hot solar panel market, interest in the potential of the financing option is growing.
by Katie Fehrenbacher, GIGAOM
Solar power in the U.S. had a kick-ass year last year, and crowdfunding had pretty much nothing to do with that. But increasingly startups and large companies alike are eyeing the potential of crowdfunding as a means to add fuel to the fire of the ongoing solar boom and give customers new financing options.
This week Oakland-based startup Solar Mosaic launched a new way to use its crowd-funding platform to fund home solar systems. The new option, called the “Mosaic Home Solar Loan,” takes its model of enabling its community of investors to fund solar panel systems on commercial and government buildings, and offers that option for solar panel systems on regular homes. It’s only available right now in California.