RE-volv is making it possible for people and communities to invest collectively in solar projects, through people-funded renewable energy.
Through crowdfunding, RE-volv lets individuals who support clean energy chip in a few dollars to help create solar powered communities around the United States.
RE-Volv founder, Andreas Karelas, says: “Nonprofits and co-ops lack access to traditional solar finance, and we want to see solar energy being used in every community in the country. That’s why we started this pay-it-forward model for solar energy: so every donation can go further, build more solar, and strengthen more communities around the United States.”
Community-serving nonprofits and co-ops pay nothing up front for the solar energy system, but over time they pay RE-volv back through a lease with interest, just like you would lease a car.
All of those lease payments are then reinvested into solar projects for schools and nature centres across the US, creating a revolving fund that grows and grows with time.
Among the organisations that have benefited from RE-Volv is Camp Ketcha, a nonprofit, offering programmes in youth development and therapy, family enrichment, and summer day camping. Located on 104 acres in New England, Ketcha strives to get children, youth and families outdoors to appreciate what nature has to offer, and has benefitted more than 13,000 people to date.
RE-volv Solar Ambassadors from the University of New England are managing this 13.5 kilowatt solar project. By going solar, Camp Ketcha will save 15% on electric costs in year one and 21% in year two – savings it can invest in its programmes.
Another organisation that has benefited from Re-Volve’s operations is River Revitalization Foundation (RRF), a nonprofit land trust dedicated to the preservation, conservation, enjoyment, and revitalisation of Milwaukee’s rivers and their surrounding environments.
It was recently announced that Leonardo DiCaprio Foundation has awarded RE-Volv a $120,000 grant to expand access to affordable and clean energy for nonprofits in the US. The support provided by the actor and his charity will help bring the benefits of solar to even more communities, people, and nonprofits around the country, regardless of the US government’s lack of support for renewable energy.
Rosa Medea is Life & Soul Magazine’s Chief. She is a writer who specialises in sustainable lifestyle and living, wellbeing, and entertainments. Rosa also works as a psychic, counsellor, intuitive reader and spiritual life coach helping people to become who they truly are and manifest their heart & soul’s desires into their lives: www.rosalindmedea.com