from Sharon Lux
Congratulations to SELF!
The non-profit Solar and Energy Loan Fund (SELF) set another
record in June by closing more home improvement loans than in any preceding
month over the last 4.5 years. In the past 30 days, SELF assisted 33 families
with a quarter million dollars of low interest rate financing. The loan capital
was raised from multiple non-governmental sources, including banks, faith-based
organizations, impact investors, and worldwide crowdfunding (i.e., KIVA.org).
The favorable financing was used last month for various home improvement
projects, including 19 high efficiency air conditioners, 14 roofs, and
miscellaneous items, such as solar water heaters, solar PV systems, windows,
doors, LED lighting, weatherization and more. SELF’s results in June broke the
previous record set in April 2015 and are comparable to the total amount of
loans closed in the first 6 months of operations.
SELF provides their beneficiaries with building science
expertise, low-interest rate financing, and project management to help
homeowners identify and finance cost-effective home improvements. More
specifically, SELF finances energy efficiency, assorted solar technologies,
wind resistant products (e.g., roofs and impact windows), and water
conservation measures.
To date, SELF has helped more than 400 families complete
$3.5 million of home improvement projects, with 70% of the lending activity
occurring in low and moderate income census tracts. SELF has also developed
special programs to help female heads of household and U.S. Military personnel,
Veterans, and their families. One of SELF’s recent beneficiaries, Ruth
Martinez, said, “Thank you from the bottom of my heart for all your help, your
enlightenment and your outstanding customer service.”
SELF’s Executive Director, Doug Coward, said, “The SELF team
is excited to see the rapid growth of the organization and the increased demand
for our service.” He added, “We have grown from an initial pilot program
started by the St. Lucie Board of County Commissioners in 2010 to now operating
as an independent non-profit in 30 jurisdictions with 114 approved
contractors”. SELF is headquartered in St. Lucie County and recently expanded
into the Orlando urban area in partnership with the Orlando City Commission and
Orlando Utility Commission.
For more information about SELF, please feel free to contact
the organization by telephone at # (772) 468-1818 or visit
www.solarenergyloanfund.org.