{"id":3476,"date":"2014-03-17T12:53:00","date_gmt":"2014-03-17T02:23:00","guid":{"rendered":"http:\/\/www.solarquotes.com.au\/blog\/?p=3476"},"modified":"2017-10-25T10:05:51","modified_gmt":"2017-10-24T23:35:51","slug":"crowdfunding-solar-power-future-financing-model","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/crowdfunding-solar-power-future-financing-model\/","title":{"rendered":"Is crowdfunding solar power the future financing model?"},"content":{"rendered":"<p>&nbsp;<\/p>\n<div id=\"attachment_3482\" style=\"width: 660px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2014\/03\/solar-crowd-funding.jpg\"><img decoding=\"async\" aria-describedby=\"caption-attachment-3482\" class=\"size-full wp-image-3482\" alt=\"a crowd in front of solar panels\" src=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2014\/03\/solar-crowd-funding.jpg\" width=\"650\" height=\"433\" \/><\/a><p id=\"caption-attachment-3482\" class=\"wp-caption-text\">Crowd Funding Solar Is A Growing Trend<\/p><\/div>\n<p><span style=\"line-height: 1.5em;\">Will crowdfunding solar replace more traditional methods of funding solar energy readers?<\/span><\/p>\n<p>At the time of writing we appear to be headed for a clean sweep of conservative governments across Australia (with the exception of the outpost of ACT). Though it is possible that the relatively progressive Weatherill government may retain government in South Australia through postal votes, it must be considered that the governments throughout the country will trend away towards support for renewable energy including solar.<\/p>\n<p>Perhaps the relevant question is: Would this be a bad thing?<!--more--><\/p>\n<p>One of the themes that run through this column over the last couple of years has been the unhealthy reliance on government support for funding. This has created a &#8220;boom and bust&#8221; mentality in the industry as new governments are voted in and follow a populist, cost cutting platform.<\/p>\n<p>With the lack of certainty from investors, long term funding is dealt a blow as the big money refuses (naturally enough) to commit their hard earned dosh into what is certainly a fluid playing field usually based on the election cycle.<\/p>\n<p>Enter crowd funding solar.<\/p>\n<p>A <a href=\"http:\/\/www.techrepublic.com\/article\/how-crowdfunding-solar-power-is-democratizing-the-way-we-finance-clean-energy\/\" target=\"_blank\">recent article <\/a>in the consistently excellent TechRepublic frames this in a US context.<\/p>\n<p>The March 13 article discusses the founding of the crowdfunding venture <a href=\"https:\/\/joinmosaic.com\/\" target=\"_blank\">Mosaic <\/a>by green entrepreneurs Billy Parish and Dan Rosen. Perhaps the most fascinating part of the piece was that Parish discusses the change to renewables in the light of good old fashioned wealth creation.<\/p>\n<p>&#8220;We soon recognized that the transition from fossil fuels to clean energy represented perhaps the largest wealth creation opportunity of the century,&#8221; Parish told TechRepublic. &#8220;There\u2019s enormous demand for investments with these characteristics but no real platform to make investing in them easy.&#8221;<\/p>\n<p>The difference is that &#8212; through crowdfunding &#8212; anyone can become involved.<\/p>\n<p>Parish said he wanted to create the opportunity for people to become involved at the pointy end of the crowdfunding solar platform by starting Mosaic.<\/p>\n<p>&#8220;For me, Mosaic represents one of the biggest business opportunities and one of the biggest climate solutions on the planet,&#8221; he said.<\/p>\n<p>The platform has the potential to unlock millions if not billions of dollars in renewable funding worldwide and may serve as a reliable alternative (compared to the boom and bust policy so beloved of our federal and state lawmakers).<\/p>\n<p>Such alternatives though are not unique and we have <a href=\"https:\/\/www.solarquotes.com.au\/blog\/innovation-rules-ok-charitys-approach-clean-energy-fundraising-pays-dividends\/\" target=\"_blank\">previously covered<\/a> the seed funding renewables organisation CORENA who have a similar goal of crowdfunding solar and other renewable projects with an Australian focus.<\/p>\n<p>So is this the alternative to government&#8217;s state and federal fickle feed-in tariff changes and drastic funding cuts to key renewable agencies? With over one million domestic solar systems installed, Australians have already shown they are quite willing to take on board grassroots solar proposals. With the growth of community energy in the country, perhaps the crowdfunding model is the platform Australians will embrace?<\/p>\n<p>So is crowdfunding solar a new lucrative renewable energy platform in which all Aussies can share? As always we&#8217;d appreciate hearing your views either here, or over at our <a href=\"https:\/\/www.facebook.com\/SolarQuotes\" target=\"_blank\">Facebook<\/a> and <a href=\"https:\/\/plus.google.com\/u\/0\/b\/101881354216653801319\/+SolarquotesAu\/posts\" target=\"_blank\">Google Plus<\/a> Pages.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Will crowdfunding solar replace more traditional methods of funding solar energy readers? At the time of writing we appear to be headed for a clean sweep of conservative governments across Australia (with the exception of the outpost of ACT). Though it is possible that the relatively progressive Weatherill government may retain government in South [&hellip;]<\/p>\n","protected":false},"author":19,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[56],"tags":[37,87,151],"class_list":["post-3476","post","type-post","status-publish","format-standard","hentry","category-economics","tag-finance","tag-solar-charities","tag-usa","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Is crowdfunding solar power the future financing model? 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We, along with the United States, are considered to have the greatest potential for the exploitation of solar energy in the world.\u2026","rel":"","context":"In &quot;Big Solar&quot;","block_context":{"text":"Big Solar","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/utility-scale-solar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2011\/09\/solar_fellas.png?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":784,"url":"https:\/\/www.solarquotes.com.au\/blog\/solar-power-forecast-for-2012\/","url_meta":{"origin":3476,"position":2},"title":"Solar Power Forecast for 2012: More stability, better forecasts, fewer conspiracies?","author":"Staff Writer","date":"January 4, 2012","format":false,"excerpt":"This year should be the year that renewables start to take off in Australia: We will have a carbon tax in place that will support renewable energy and overseas money is starting to flow in. 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However it soon gets depressing as Rich asks the question if the Program will survive under a change of government.","rel":"","context":"In &quot;Big Solar&quot;","block_context":{"text":"Big Solar","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/utility-scale-solar\/"},"img":{"alt_text":"desert","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2012\/07\/desert.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":702,"url":"https:\/\/www.solarquotes.com.au\/blog\/auses-sponsored-conference-spins-the-big-solar-wheel\/","url_meta":{"origin":3476,"position":4},"title":"AuSES-sponsored Conference Spins the Big Solar Wheel","author":"Staff Writer","date":"December 2, 2011","format":false,"excerpt":"Two of the key issues covered this week at the Solar 2011 conference have been (1) the growing affordability of solar systems for both domestic and commercial outlooks as prices plummet, and (2) the growth of international large-scale solar projects. The first has been made possible by the growth of\u2026","rel":"","context":"In &quot;Big Solar&quot;","block_context":{"text":"Big Solar","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/utility-scale-solar\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2383,"url":"https:\/\/www.solarquotes.com.au\/blog\/pacific-energy-summit-hears-calls-for-better-funding-for-renewable-projects\/","url_meta":{"origin":3476,"position":5},"title":"Pacific Energy Summit hears calls for better funding for renewable projects","author":"Staff Writer","date":"April 2, 2013","format":false,"excerpt":"It may have received scant attention in the Australian mainstream, whose attention may have been distracted by aborted leadership coups, football kickoffs et al, but a very important energy summit (including the latest in Pacific solar energy projects) took place in Auckland, New Zealand last week. Eighteen Pacific nations attended\u2026","rel":"","context":"In &quot;Solar Policy&quot;","block_context":{"text":"Solar Policy","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-policy\/"},"img":{"alt_text":"pacific energy summit logo","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2013\/04\/pacificenergysummit.jpg?resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/3476","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/comments?post=3476"}],"version-history":[{"count":5,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/3476\/revisions"}],"predecessor-version":[{"id":3483,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/3476\/revisions\/3483"}],"wp:attachment":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media?parent=3476"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/categories?post=3476"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/tags?post=3476"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}