RE-volv – A New Way to Finance the Spread of Community Solar Projects

The new nonprofit, Re-volv, has a bright idea: creating a Solar Seed Fund to spread community solar installations nationwide, reports Susan Cagle at the online publication Grist. The Solar Seed Fund will use the donations to finance solar installations on community-serving organizations such as schools, universities, hospitals, and places of worship. RE-volv recoups the solar installation cost and earns a return on the investment through a 20-year solar lease agreement. The lease payments go back into the Solar Seed Fund allowing the fund to continuously grow, and finance an expanding number of solar installations. According to the group’s numbers, once 14 RE-volv systems are in place, the revenue from those systems will be able to fund another solar-power system of roughly the same cost — and on, and on. RE-volv has already raised almost $12,000 via its crowdfunding campaign at Indiegogo. Combined with $20,000 raised from other sources, that’s more than enough funding to install its first solar project. The group is excited to have a tangible way to invest in neighborhood solar as part of a collective effort, creating a way to leverage community cash.

Join the swelling numbers of voters TELLING Congress they’ll vote for Clean Energy candidates here: http://signon.org/sign/we-are-the-clean-99?source=c.em.cp&r_by=487176 . This is an ongoing campaign (the next Congressional election is in 2 years!) so please, spread the word. It’s our way of telling Congress that a strong clean energy voting bloc is out there. This is how YOU can make a difference.

 

Source

January 10, 2013- http://grist.org/news/re-volv-is-making-a-community-pot-of-solar-gold/ susan Cagle

Check them out at:  http://re-volv.org/

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About melharte

Mel (Mary Ellen) Harte is a biologist (PhD) and climate change educator. She co-authored the free online book, COOL THE EARTH, SAVE THE ECONOMY, available at www.CoolTheEarth.US, and writes the CLIMATE CHANGE THIS WEEK column at the HuffingtonPost. Living summers in the alpine Rockies, she is on the frontlines of watching what climate change can do. Her diagnostic digital photographs of wildflowers have appeared in numerous publications.
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