Mosaic is the first p2p financing platform for clean energy infrastructure, enabling borrowers to access the best lending products and investors to access the emerging asset class. Mosaic's online marketplace enables the production of cheap clean energy.
Our home solar loan volume has 2x-3x month over month in the past few months. Installers offer Mosaic's loans to homeowners via our finance portal. Installers and homeowners alike rave about the UX and simplicity of Mosaic. They like that we provide instant credit approval to borrowers and have designed the system with the user in mind from the beginning. We have signed up some of the top accounts in the industry representing over 1/3 of US home solar.
Once loans are originated, investors lend through the marketplace to homeowners. The homeowner typically saves 10-15% from day 1 from the loan and purchase of solar. The investor is yielding a 7% IRR note offering a strong risk weighted return to investors.