Crowdfunding is a popular way for people to invest. In 2015, an estimated EUR 4.2 billion was raised through crowdfunding platforms in Europe. And, increasingly it is being used to finance the growth of renewable energy.
Part of the issue with small-scale, home-based renewable energy systems is that initial setup costs can be high. This puts such installations out of reach for some sectors of society, even if they could benefit financial in the long run with lower household bills. One solution to this is crowdfunding.
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