Mosaic, an online marketplace for investing in solar, says it is releasing a new round of solar project investments that offer 4.5% estimated annual returns. The company has been approved to offer $100 million in solar investments in California.
These investments are available to residents of California and accredited investors from across the country. In January, Mosaic launched its first return-on-investment solar projects to the public, selling them out in less than 24 hours with over $300,000 invested, the company notes.
To date, Mosaic has raised $1.2 million from more than 1,000 investors to finance 12 rooftop solar power plants in California, Arizona and New Jersey.