Published on December 17th, 2012 | by Joshua S Hill3
RE-volv Seeking Funding To Initiate Revolving Solar Seed Fund
December 17th, 2012 by Joshua S Hill
Spend any time on the internet these days and you’ll inevitably come across an advertisement for a crowdsourced funding proposition using Kickstarter or Indiegogo. One of the latest such projects looks to initiate a revolving community-based solar investment program that embodies the idea of ‘paying it forward.’
RE-volv is a non-profit organisation hoping to initiate what they’re calling a ‘revolving fund’ called the Solar Seed Fund which will keep paying forward more and more solar projects.
The idea is brilliantly simple:
- RE-volv will invest $30,000 into a community-based solar energy installation for a community centre such as schools and non-profits
- Using the savings brought about by all of a sudden running a solar energy system, the community centre will pay RE-volv back over time
- The money returning to RE-volv will allow them to fund (in this case) three more solar energy installations
And as you can see, with three more similar models working, the next round of installations will themselves create opportunities for even more solar installations.
As with all community-funded projects using Kickstarter and Indiegogo, there are incentives for donating:
By supporting this campaign you have a number of amazing perks to choose from including access to events, a certificate or photo of the solar you helped install, and a choice of amazing books about solar energy and the future of environmentalism.
The lowest donation capable of receiving a ‘Perk’ is $10, for which you’ll receive “a personal thank you email with pictures of the first solar installation, and a virtual high five,” and the rewards go up from there.
Head on over to the Indiegogo page and donate, or simply learn more about what RE-volv is trying to do.
Keep up to date with all the hottest cleantech news by subscribing to our (free) cleantech newsletter, or keep an eye on sector-specific news by getting our (also free) solar energy newsletter, electric vehicle newsletter, or wind energy newsletter.
Own or lease an electric car? Complete out EV Owner/Lessee Survey.