eTown eChievement Award - RE-Volv - Andreas Karelas

RE-volv empowers people and communities to invest collectively in renewable energy.

They envision a world where people are thriving in communities powered by clean energy.


eTown eChievement Award - RE-Volv - Andreas Karelas

RE-volv’s Theory of Change

RE-volv believes that everyone should have the ability to support and spread clean energy. So they created a new way for people to take action. It’s a pretty simple idea. They crowdsource funding to put solar panels on community-serving nonprofit organizations. As these organizations pay RE-volv back, they reinvest the money into more solar projects in communities across the country. This creates a revolving fund for solar energy that continually perpetuates itself building more and more solar. It’s a pay-it-forward model for solar energy. They call it the Solar Seed Fund.


How It Works

Nonprofits save 15% or more on their electric bills when they go solar with RE-volv. These organizations save money on their electric costs while paying RE-volv back through a Power Purchase Agreement or lease. Those payments are reinvested in a revolving fund, the Solar Seed Fund, which continually finances more nonprofit solar projects.


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RE-volv


eTown eChievement Award - Andreas Karelas - RE-volv


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