RE-volv made a solar project happen as a San Francisco-based nonprofit. For has successfully completed its third crowdfunding campaign. That’s raising over $50,000 to finance a 36kW solar array. It’s all for the Other Avenues Food Cooperative most noteworthy in San Francisco. The organization’s innovative solar financing model is the Solar Seed Fund. For it uses crowdfunding most surprisingly. All to grow a revolving fund. One that is continually reinvested in community-based solar projects.
RE-volv Community Solar: Pioneering a New Financing Model
The Solar Seed Fund is the first of its kind. Thereby using crowdfunding to expand a revolving fund that is continuously reinvested in community-based solar projects. Andreas Karelas, is the Executive Director of RE-volv. People are sick of waiting. Especially for leaders to take action on climate change. They want to lead the way in their own communities. So RE-volv gives them a tool to do that. Karelas further added that having completed three successful campaigns. So the organization sees that this model working. For it’s replicable and poised for rapid growth.
First Three Indiegogo Crowdfunding Campaigns
It’s also completed its first three Indiegogo crowdfunding campaigns. For RE-volv raised over $121,000 from nearly 900 donations. That’s from people more noteworthy in 38 states and 22 countries. This money is also being used to finance three community-based solar projects. Thereby amounting to 68kW of solar capacity.
Financing Solar Energy Projects for Nonprofits and Cooperatives
RE-volv finances solar energy projects for nonprofits and cooperatives. Those that more noteworthy serve their community. The organization covers the initial costs of a 20-year solar lease. All by crowdfunding and also tax-deductible donations. That’s as communities pay RE-volv back. All more interestingly through a lease over time. For the nonprofit reinvests those funds plus interest. I mean into new projects for nonprofits and cooperatives. Thereby creating a revolving fund. All for solar energy that serves the community.
A Perfect Fit for Other Avenues Food Cooperative
Darryl Dea, president of Other Avenues commented. Darryl has been working on this project for eight years. So it’s been difficult to find the right fit for financing this solar project. However RE-volv came around. For then they knew. For it was a perfect fit. That’s especially because it work with nonprofits and co-ops. So they were able to contribute to this fund. In addition and to which will further create more solar projects.
Global Divestment Day and the Solar Seed Fund
Leading up to Global Divestment Day, Bill McKibben, author and founder of 350.org commented, everyone’s divesting. So it might be worth donating a little money to this Solar Seed Fund.
OpenIDEO Renewable Energy Challenge
Another factor that helped RE-volv reach its crowdfunding goal. For it was also being selected as a winner. A winner of the OpenIDEO Renewable Energy Challenge more notably from two weeks ago. As a result, RE-volv will receive resources and support from innovative design firm IDEO. For they are a leading environmental foundation. It’s called the 11th Hour Project.
Growing Line of Support for RE-volv
Winning the OpenIDEO challenge adds to a growing line of support for RE-volv. The organization has received support for its work from Audubon’s Toyota TogetherGreen program. Also the San Francisco Foundation and also the Rose Foundation. Finally the Yahoo Employee Foundation. In addition to Patagonia, KIND Healthy Snacks, Aveda, and Whole Foods.
The Future of RE-volv and Community-Based Solar Projects
With three successful crowdfunding campaigns under its belt and a groundbreaking solar financing model. For RE-volv is poised for significant growth in the coming years. The organization’s commitment to financing solar energy projects for nonprofits and cooperatives. For it demonstrates its dedication to making renewable energy accessible to communities across the United States.
Expanding Solar Capacity and Reducing Carbon Emissions
As RE-volv continues to raise funds and finance additional community-based solar projects. In addition, for it will play a crucial role in expanding solar capacity and reducing carbon emissions in the country. Moreover, the organization’s innovative Solar Seed Fund. It is a powerful tool for driving the adoption of renewable energy and also fostering sustainable communities.
Crowdfunding as a Catalyst for Change
Crowdfunding has proven to be an effective means of raising capital. Especially for various types of projects. So RE-volv’s success demonstrates that it. For it can also be a catalyst for change. Especially in the renewable energy sector. Therefore by harnessing the power of crowdfunding. For I mean RE-volv is not only financing solar projects. However it is also empowering individuals and communities. Exactly to take action on climate change.
A Bright Future for Solar Energy and Sustainable Communities
With a track record of successful campaigns and a growing network of supporters. For RE-volv is well-positioned to continue making a significant impact. Notably in the renewable energy sector. By financing solar projects for nonprofits and cooperatives. I mean the organization is helping to create a brighter future for solar energy. Especially for sustainable communities across the United States and beyond.
Conclusion
RE-volv’s innovative Solar Seed Fund has proven to be a powerful tool. Especially for driving the adoption of solar energy. Moreover and fostering sustainable communities. The organization’s commitment to financing solar projects. It’s for nonprofits and cooperatives. I mean demonstrates its dedication. Especially to making renewable energy accessible to communities across the United States. With a growing network of supporters. In addition an expanding solar capacity, RE-volv is well-positioned to continue making a significant impact. Most importantly in the renewable energy sector. Thereby creating a brighter future for solar energy and sustainable communities worldwide.
Sources: RE-volv http://www.re-volv.org, San Francisco, California – February 24, 2015 and Other Avenues Food Cooperative www.otheravenues.coop
