To Pay For More Solar Power, City Of Portland Tries Crowdsourcing
The city of Portland is planning to build a new solar energy project on the roof of a local elementary school. But it only has about half the money needed to pay for it. To make up the difference, city leaders are trying something new: Crowdsourcing.
It will take $50,000 to build the project. Companies including SolarWorld, Wells Fargo and Umpqua Bank have already donated more than $20,000 to the cause. To pay for the rest, city leaders are asking for donations from other businesses and local residents. Mayor Charlie Hales says Portland may be the first city to try crowdsourcing the money for a community solar project. But he's optimistic it will work out.
Hales: "These companies that have already stepped up have shown there is interest in the business community. I think individuals will start to match that interest as well."
Lent Elementary School is one of many public buildings city leaders are hoping to line with solar panels through Portland's Solar Forward program.
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