Another new solar crowdfunding website has been launched in the US, to join Sunfunder and Mosaic in the recently created market space.
Crowdfunding sites for solar use internet fundraising platforms to allow small investors to get involved with funding solar power projects. Mark Yegge, chief executive officer of the newly launched Crowdsun.com said the company’s first project had raised US$300,000 in three days.
“Most investors in solar projects are the big-money institutions, and they are privy to stable solar investments that can earn anywhere from 4% to 20% annually – until now. Smaller investors can now take advantage of the shift to green solar energy through our crowdfunding site,” said Yegge.