How it Works
The model that we have pioneered is a simple and elegant model. Through an innovative solar financing model, these nonprofits immediately save on their electricity costs. As these organizations pay us back, we 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. We call it the Solar Seed Fund.
In July of 2019, RE-volv partnered with Trisolaris LLC to bring solar to hundreds of nonprofits in the next three years. Trisolaris has an outstanding track record of promoting solar across the country.
This partnership will allow for a rapid expansion of solar to small and medium-sized nonprofits across the country by combining the field expertise of RE-volv, with the financial investment capacity of Trisolaris. With two financing products to choose from, solarizing nonprofits will be even easier.
Our newest product is a power-purchase agreement with Trisolaris that boasts a quicker installation turn-around-time and locked-in payment schedule. We will also continue to offer our solar lease product that utilizes funds from our Solar Seed Fund and allows Solar Ambassadors to raise funds from the surrounding community. Both of which will operate fairly similarly from the customer’s perspective – including no up-front costs and at least 15% savings on electric bills on day one. For both financial models, RE-volv will continue to be the main point of contact and will continue to provide all of the operations and maintenance services on an ongoing basis.