Comments on: Solar Mosaic fully crowd funds its new solar projects in less than 24 hours

By: Zack

Zack — Wed, 13 Mar 2013 06:52:26 +0000

You have to look at the length of the term as well, if you want to compare interest rates.

By: MrD

MrD — Thu, 10 Jan 2013 05:57:59 +0000

But a higher returnt rate for the investors means a higher electricity price for the consumer, so they would be better of having someone wo only want 2.5% return rate.

By: Olivier

Olivier — Wed, 09 Jan 2013 22:47:37 +0000

MrD… you did not get it… it is not a credit rate… it is a return on investment… the higher the better

Hope this helps

By: MrD

MrD — Wed, 09 Jan 2013 06:30:00 +0000

A very good Idea imo and Im a huge photovoltaic fan but why do the projects choose to take credits for 4.5% where Banks could do it with lower intrestrate rates.
I dont know how it works in the US but in Germany Banks esp. gouverment regulated banks are offering 2.5%-3% credits for photovoltaic projects and that is not a goverment subsedie.
The low intrestrate is the result of a very safe investment, the photovoltaic is insured, the produced elictricity is easy to forecast. There arent many factors that can go wrong.

So why would people choose such high intrest rates when its possible to get it cheaper?