If the US Department of Energy goes down, it will go down swinging. The agency is facing massive budget cuts but this week it still managed to push out funding for a seed grant that will enable the San Francisco-based solar organization RE-volv to bring its unique crowdfunded solar financing program to low income communities and non-profits.
RE-volv And Low Cost Solar
RE-volv first crossed the CleanTechnica radar back in 2012, when it introduced its concept for a revolving loan program for small scale, rooftop photovoltaic (PV) installations. By 2013 it engaged its first client, and added two more by 2014.
That snail’s pace level of activity got a huge shot of adrenaline last year, when it received $25,000 in funding plus technical support from a SunShot incubator program in the Department of Energy.
The new $60,000 award is also through the SunShot program, which has the goal of bringing the cost of solar power down to parity with fossil fuels.
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