Forget gadgets and art projects on Kickstarter. The latest place to put your money is in solar projects for rural villages, and you even get the money back, over time.
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.
Will the combination of Kickstarter-style crowd-funding and low risk investing lead to a disruptive new form of financing for the world’s solar projects. With some good execution and marketing, I think so.
If one percent of retail investments in savings accounts, money markets and U.S Treasuries was put into crowdfunding of solar projects, that would deliver more than $90 billion for the creation of clean energy projects, according to a new white paper from Bloomberg.