What a great idea. SolarCity is offering bonds starting at $1000 each, giving regular folks a way to invest in solar energy.
From ThinkProgress...
It’s a way for a company to build up capital to finance future expansions, particularly in its start-up years. SolarCity’s bonds will be sold in $1,000 increments, and will be available to any U.S. citizen, 18 or older, with a domestic bank account. The bonds will mature in one, two, three, or seven years, and will offer interest rates between two and four percent.
By giving everyday investors a stake in the energy source, solar bonds can also serve as an implicit marketing program or awareness-raiser for solar power and green policy. “If you have some skin in the game, then you’re going to want [solar] to succeed in the same way as when you invest in a stock, you want that stock to be successful,” Amy Davidsen, the U.S. executive director of The Climate Group, a non-profit organization that seeks to promote clean energy technology, told The Guardian. “[This] will include supporting policies to help support clean energy.”
I wish I had some money to invest right now. Guess I better get back to work soon!
Read the complete article here:
An Innovative New Way For Normal People To Invest In Solar Power
SolarCity Bonds website