Dept. of Energy throws millions at a startup trying to make solar energy mainstream
by Laura Domela
June 13, 2012 at 2:26 PM
The U.S. Department of Energy wants normal Americans to start using solar energy in their everyday lives. To that end, it’s just granted $2 million to Solar Mosaic, a sort of Kickstarter for solar projects.
Solar Mosaic is still in a quiet pre-launch period, but its projects have so far collected more than $350,000 in interest-free investments from 400 individuals, and the first five projects have together generated 73kW of clean solar energy (that’s more than half a million dollars’ worth of energy) and added more than 2,700 job hours for workers in areas such as Oakland, Calif., and the Navajo Nation in Arizona. The startup has a special focus on projects that are created and maintained by a community for that community’s own benefit.
“Polls have shown that the vast majority of Americans want to go solar,” states a Solar Mosaic rep on the company blog. At the same time, a number of trends—from dramatic declines in the physical costs of solar equipment to new financing models—are making solar financially competitive with fossil fuel-based sources of energy. So why do so many roofs still lack solar panels?”
via Venture Beat
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