Mosaic rolls out its third solar crowdfunding offer.

REW: “Barely three years old, the company has attracted over 1,200 investors to finance solar power generation projects, with contributions ranging from $25 to $10,000.” “Mosaic offers investment opportunities to individuals who can earn a return between 4.5 percent and 6.38 percent over five to 10 years. It’s akin to a bond or annuity, and the interest rates are more attractive than what you can score with CD and Treasury bills these days. The startup, founded in 2010, rolled out a new investment opportunity last week, a roughly $700,000 project to install 487 kW at the Wildwoods Convention Center in New Jersey. That is the third financing round for the same project, which raised about $597,000 during the first two rounds. ….The average investment is $1,000. ….Mosaic makes money mainly in two ways: an upfront origination fee that is typically 2 percent to 5 percent of the loan, and a 1 percent fee from the payment made by the borrower throughout the term of the loan. The rest of that payment then goes to the investors that funded the project.”