2010 headquarters 426 17th st. suite 600 oakland california 94612 u.s. key people billy parish president daniel rosen ceo steve richmond cfo website joinmosaic.com mosaic is a solar project finance company based in oakland california . founded in 2010 mosaic enables crowdfunding of loans for solar development projects . for that reason gigaom referred to the company as the kickstarter for solar . 1 through this model the company aims to democratize the social and environmental benefits of clean energy . mosaic is a certified benefit corporation . 2 contents 1 early projects 2 public launch 3 funding 4 see also 5 references early projects edit in initial tests mosaic has facilitated about 1.1 million in private investments from 400 people to finance 12 rooftop solar plants in california new jersey and arizona . 3 in spring 2012 mosaic financed five solar power plants through their zero interest investment model . 400 people invested over 350 000 in these projects which created 73 kw of solar energy for local community organizations saving the organizations more than 600 000 on their utility bills while producing over 2 700 job hours for local workers . 4 in september 2012 mosaic financed its first solar power plant that also offered a return on investment for investors . 51 people raised over 40 000 to finance this 47 kw project for the youth employment partnership in oakland california . with a 6.38 % annual return over a 5 year loan period a 200 investment would yield 272 by the end of the 5 years . 5 public launch edit on january 7 2013 mosaic launched an online platform to let individuals invest as little as us 25 in specific solar projects while earning a 4.5 % annual return on their money . 6 mosaic provided capital to developers at a 5.5 % interest rate took a 1 % fee and investors could expect a full return of their investment in nine years . 3 mosaic sold out its first public projects in less than 24 hours with over 400 investors putting in 300 000 and an average investment of 700 . 7 on april 8 2013 mosaic announced that it had received approval to sell 100 million worth of solar investments to the california public . as part of the announcement mosaic released another project on the ronald mcdonald house in san diego . 8 on march 6 2014 mosaic announced that it would begin offering crowdfunded loans to homeowners who would like to install solar . 9 funding edit mosaic raised 3.4 million in series a funding in 2012 to grow their solar investment marketplace . 10 mosaic was awarded an additional 2 million grant from the us department of energy as part of the sunshot initiative . 11 see also edit renewable energy portal united states portal american solar energy society list of photovoltaics companies national renewable energy laboratory renewable energy in the united states solar energy industries association venture capital corena references edit katie fehrenbacher may 4 2012 . the kickstarter for solar could make you money starting this summer . gigaom . b impact report . b corporation . a b herndon andrew january 7 2013 . solar mosaic s crowdfunding beats treasuries with 4.5 % return . bloomberg . solar crowdfunding website raises 2.5 million . sustainable business . june 1 2012 . makower joel december 10 2012 . how mosaic brings cleantech investing to the masses . greenbiz . woody todd 2013 01 07 . startup launches online platform to let individuals invest in solar projects . forbes . lisa hymas january 8 2013 . solar crowdfunding project mosaic sells out in under 24 hours . grist . anthony ha april 8 2013 . mosaic prepares to launch another 100m of projects on its solar crowdfunding platform . techcrunch . david baker march 6 2014 . mosaic crowdsources solar installation for homeowners . sf chronicle . solar mosaic brings series a to 3.4 m for crowdfunding solar energy . dow jones & company . october 2 2012 . colleen taylor june 13 2012 . solar mosaic gets 2 million doe grant to build out crowdfunding site for solar projects . techcrunch . retrieved from https en.wikipedia.org w index.php title mosaic inc. & oldid 739367657 categories solar energy companies of the united statescompanies based in oakland californiascience and technology in the san francisco bay areacrowdfunding2010 establishments in california navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 14 september 2016 at 08 02 . text is available under the creative commons attribution sharealike license ; 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