Distributed Sun and Mosaic have announced their first joint project to allow individuals to invest in a 657 kW solar installation on a charter school in Colorado and earn an estimated 5.4% annually.
Mosaic plans to leverage Distributed Sun's leading solar development platform, the Distributed Solar Network, to scale its crowdsourced financing model. Mosaic is pleased to work with D-Sun's network of more than 115 solar installers in 28 states developing more than 120 MW of projects per month.
"We are honored to partner with Pinnacle Charter School and Mosaic to commission this installation in Colorado, a vibrant solar market," says Chase Weir, CEO of D-Sun.
"It's a real honor to provide a service that creates jobs, delivers substantial savings to our partners, teaches students about clean energy and is beneficial for the environment."
"Mosaic is thrilled to partner with D-Sun and open up more of these types of good investment opportunities to the public," said Dan Rosen, CEO of Mosaic.
"As we go forward together as partners under the truSolar initiative, an emerging standard for assessing solar project risk, we look forward to announcing deeper collaborations with D-Sun in the months ahead."
The 657 kW solar system powers one of the largest public charter schools in Colorado while serving as an educational tool for over 2,000 students. The Pinnacle Charter School has served Northern Denver's diverse community for nearly two decades with committed teachers and data-driven instruction.
The solar project generates revenue by selling the electricity produced to the school and by selling the associated renewable energy credits to the local utility.
Pinnacle's solar project could save the school as much as $1.6 million in electricity costs over the lifetime of the project while teaching thousands of K-12 students about clean energy.
