Mosaic Offering Peer-to-Peer Loans for Residential Solar
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Mosaic Inc., the operator of an online financing system that lets individuals invest in commercial solar plants, is introducing a peer-to-peer network for people to directly fund residential projects.
The company will introduce the system in California in the first half of the year for clients of developer Real Goods Solar Inc., Oakland, California-based Mosaic said today in a statement. People who want rooftop panels may solicit loans through Mosaic’s site and will own the power systems with little to no upfront costs required.