My apologies for not making that clearer. With the solar lease, Kehilla is now paying 15% less for electricity.
This is great news! For all the solar fairies out there, there is an exciting new opportunity for you to multiply your impact. RE-volv is a nonprofit organization using a revolving fund to finance community-based solar energy projects. Instead of donating to one school, you can donate to a revolving fund that will grow over time and serve countless schools. Find out more at www.re-volv.org!
Congratulations to Solar Mosaic and the people who invested in solar!
Also, check out this great blog Solar Mosaic wrote about a nonprofit solar crowdfunding organization called RE-volv.
RE-volv's solar crowdfunding campaign is going on right now at:
Great article John. You do a good job at pointing to the opportunities that exist while also being realistic about the obstacles.
There is one other crowdfunding model for renewables that I'd like to call attention to. RE-volv is a non-profit organization that raises money through crowdfunding for a revolving fund that invests in community-based solar projects. Individuals can donate to the fund and claim a tax deduction. But rather than it being a one time donation to a single project, their money is earning a return through solar lease revenues. The money they donated is continuously growing and being reinvested in additional solar projects. It's the best of both worlds. It's a donation that earns a return that's continuously reinvested in the cause. Since the fund is constantly building on itself, it grows exponentially. And as more people contribute, the revolving fund moves faster and faster, serving more and more communities with renewable energy.
Feel free to check out our website www.re-volv.org for more information.