Sun Exchange invites investors to buy solar cells, a constituent part of panels, for as little as $4, at a project of their choice.
Soon after, he started the Sun Exchange, a company that crowdfunds the installation of panels, eliminating the need for customers to raise the often prohibitive amount of money needed to buy and install equipment. Sun Exchange invites investors to buy solar cells, a constituent part of panels, for as little as $4, at a project of their choice. The customers who receive the renewable energy still pay a fee over a 20-year contract, but the cost is below what would have been charged for electricity from the grid.
"The earnings generated since then equate to 23% of my initial investment. It's a genius operating model." One customer, Eric Brown, owns a remote farm in the semidesert Karoo region that isn’t connected to the grid. He's relied on diesel generators, but in September he switched to solar. He expects his power costs to fall more than 60%.
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