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RE Volv's Fundraiser:

Solar Energy & Savings for Nonprofits in Our Communities

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BENEFITING: Re-volv

RE Volv

THE STORY:

We've marched. Now what? Want to create clean energy? Actually see a change in the community? RE-volv finances solar energy systems for nonprofits that serve our communities, like community centers, places of faith, and environmental organizations. These organizations save money on electric costs and reduce their CO2 emissions by using clean energy from their own solar panels. However, most nonprofits do not have the upfront funds or know-how to go solar. Enter RE-volv. We finance solar installations for nonprofits by raising money through crowdfunding, from foundations, and through solar lease payments. • 2017 U.S. Department of Energy Solar in Your Community Challenge grant recipient • 2016 Open IDEO Climate Innovation Fellowship winner • 2015 U.S. Department of Energy Sunshot Catalyst Business Innovation Award recipient • Inaugural member of the White House National Community Solar Partnership since 2015 • 7 fully financed solar projects, totaling 105 kilowatts, the CO2 equivalent of planting 300+ acres of trees, benefiting more than 3,000 constituents because of the electric bill savings nonprofits invest into their services • $210,000+ crowdfunded for the first 7 solar projects located in CA, PA, WI • 1,000 donations from people in 38 states and 22 countries Here's how nonprofit RE-volv actually finances the solar energy systems: 1. RE-volv partners with a community-serving nonprofit seeking solar financing. RE-volv chooses to work with long-standing community institutions that provide key services to diverse patrons. We sign a 20 year solar lease agreement. 2. RE-volv crowdfunds tax-deductible donations from people around the world and foundations to finance the solar energy system. The system is then installed by a local, accredited solar installer. 3. Over the 20-year solar lease agreement, the organization makes monthly lease payments to RE-volv. During this time, the organization typically saves up to 15% on electricity costs while RE-volv earns a small return on its investment. 4. RE-volv continually reinvests the solar lease payments into more solar projects, compounding the interest earned, creating a pay-it-forward model for solar energy projects across the country while making RE-volv self-sustaining. 5. At the end of the 20 year agreement, the nonprofit owns the solar system outright.

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