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US homeowners offered crowdsourced solar loans

2014-02-06 01:11:00| Climate Ark Climate Change & Global Warming Newsfeed

BusinessGreen: A consortium of solar power financiers will today launch a $5m loan scheme in Connecticut that uses crowdsourcing to raise funding and, like the UK's Green Deal, invites customers to take advantage of resulting energy bill savings to cover the cost of installations. Connecticut's green bank, the Clean Energy Finance and Investment Authority (CEFIA), crowdsourcing company Mosaic, and Sungage Financial will launch the fund, which will be initially backed by $5m from CEFIA with further funds expected...

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