Legends Solar has debuted Legends Rooftop, an “’on-demand” solar investing platform that permits traders to straight buy panels working on industrial solar farms. With Legends Solar’s finance associate, SDC Energy, traders earn money when their panels generate and promote electrical energy.
“Locked out of the housing market and unable to install rooftop panels on their homes, millennial investors can’t access the growing solar infrastructure market,” says Lassor Feasley, Legends’ founder and CEO. “With Legends Solar, you can invest in a single remotely located panel, or a whole rooftop’s worth, even without the suburban mini-mansion and white picket fence.”
“The team at Legends Solar has challenged us to reimagine our approach to raising equity for new solar facilities,” states Charles Schaffer, SDC Energy’s president. “We look forward to unlocking the solar asset class for a wider and more diverse set of retail investors. By doing this, we will accelerate the transition to a carbon free society and spread its financial benefits more equitably” he continued.
“Up and coming investors are motivated purchasers of rooftop solar panels,” feedback COO Nera Lerner. “They are eager for socially and environmentally responsible investments, but few products offer the financial returns and verifiable environmental impact of solar investing. We like to say our product delivers ‘Rooftop Solar without the Roof,’ because we’ve tried to reproduce the rich financial and environmental returns homeowners already experience when they install rooftop solar – but for a much wider audience”.
On Legends Solar, traders buy panels after they’ve been sited, permitted, constructed and related to the power grid. Because traders should purchase solar by the panel and on-demand, they’ll measurement their buy to suit their funding urge for food and profile – and begin incomes dividends instantly. Buyers will now not be locked out by prohibitively excessive prices of set up or constrained by the dimensions of their rooftop. In the long run, Legends may enable traders to take part within the financing of latest solar initiatives.