Implementing Sector | Local |
Category | Financial Incentive |
State | Florida |
Incentive Type | Loan Program |
Web Site | http://www.solarenergyloanfund.org |
Administrator | Solar and Energy Loan Fund (SELF) |
Funding Source | Banks, Impact Investors, Faith-Based Organizations, and Worldwide Crowdfunding |
Eligible Renewable/Other Technologies | Solar Thermal Electric, Solar Photovoltaics |
Eligible Efficiency Technologies | Air conditioners, Caulking/Weather-stripping, Building Insulation, Windows |
Applicable Sectors | Residential |
Maximum Loan | $50,000 |
Loan Term | Renewable Energy Projects: 8-9.5% APR with 5 to 10 year loan term Energy Efficiency Projects: 8-9.5% APR with 3 to 5 year term KIVA crowdfunded loans: 5% fixed interest with 3-5 year terms |
The non-profit Solar and Energy Loan Fund (SELF) provides unsecured personal loans to qualifying Florida Homeowners for:
SELF gives qualifying homeowners the ability to secure financing for:
SELF provides home improvement loans up to $50,000.
History
In June 2010, St. Lucie County received a grant award through the U.S. Department of Energy’s Energy Efficiency Block Grant Program (EECBG). The $2.9 million award was used to kick-start the SELF pilot loan program, which began taking applications and making loans in early 2011. SELF has now expanded statewide.
SELF is a Community Development Financial Institution (CDFI), certified by the U.S. Department of Treasury.