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RE-volv

RE-volv

RE-volv provides solar financing for nonprofits and cooperatives that are otherwise left out of the commercial solar market, using a unique revolving fund raised through crowdfunding.

Founded: 2011 by Andreas Karelas

RE-volv
  • Program Area

    Education, Environment, Public Service & Civic Engagement
  • Location of Impact

    United States
  • Headquarters Location

    San Francisco, California, United States
  • Product Platforms

    Web
  • Budget

    $500,000 to $1,000,000

RE-volv empowers anyone in the world to take meaningful action on climate change by supporting solar energy. RE-volv is a San Francisco-based nonprofit that provides commercial solar financing for the 1.5 million nonprofits and 30,000 cooperatives across the U.S., like a place of faith or nature center. RE-volv crowdfunds tax deductible donations from people around the world to finance the cost of the solar energy installation for the organization. Through a 20 year solar lease, the organization pays RE-volv back, while saving up to 15% on electric costs. RE-volv puts these payments into a revolving fund, that with compounding interest, will grow and finance more solar installations. RE-volv has helped three Bay Area organizations go solar and is now scaling nationally.

Funders and Awards

Funders: National Audubon Society's Toyota Together Green Program; The 11th Hour Foundation, a program of the Schmidt Family Foundation; The San Francisco Foundation; Hall Capital Awards: United States Department of Energy SunShot Catalyst Business Innovation Challenge winner; OpenIDEO Communities Leading Renewable Energy Challenge winner