Peer-to-peer lending is changing the finance world. No longer do borrowers have to go through a bank to get a loan. Instead, they can be matched directly with investors and bypass the role that traditional banks have played as intermediaries. This makes financing projects much simpler, and solar projects have been a major benefactor of this. Companies such as Oakland-based Mosaic and New York-based Open Energy Group are providing businesses and governments interested in solar energy projects with the funds necessary to do so, without the high transaction costs that come with traditional loans. By using this peer-to-peer lending technology, installing solar is 10-20% cheaper. And not only is this attractive for borrowers, but it’s also appealing to investors looking for different ways to invest, especially at a time when the stock market has been sinking. Open Energy Group has said that the demand for loans is “rocketing” and, as we all know, the more solar projects being developed, the less we have to rely on fossil fuels for energy.
Peer-to-peer power: Finance tech comes to solar energy
More of Today's Solutions
Scotland becomes first UK nation to mandate swift bricks in all new homes
BY THE OPTIMIST DAILY EDITORIAL TEAM In a landmark win for wildlife lovers and conservationists, Scotland will now require swift bricks to be installed ...
Read MoreBoost serotonin levels to lower stress and improve your mood, naturally!
BY THE OPTIMIST DAILY EDITORIAL TEAM Keeping up the pace in this hectic world is hard, so it's no wonder we often find ourselves ...
Read MoreNew study identifies mosquitoes’ favorite colors to feast on
While many of us look forward to the warmth spring brings each year, there’s another aspect of the hotter seasons that is not so ...
Read MoreThis simple tip will increase the gut health benefits of the probiotic foods ...
For those of us who crave the tangy delights of probiotic foods like kimchi, sauerkraut, and kombucha, the mere thought can set our taste ...
Read More
