Solar & Battery Regulation & Incentive Programs

Solar and Energy Loan Fund (SELF)

Program Overview


Category:
Financial Incentive
Program Type:
Loan Program
Implementing Sector:
Local
State:
Florida
Eligible Storage Technologies:
Solar Thermal Electric, Solar Photovoltaics, Air conditioners, Caulking/Weather-stripping, Building Insulation, Windows
Website:
http://www.solarenergyloanfund.org
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
Administrator:
Solar and Energy Loan Fund (SELF)
Applicable Sectors:
Residential
Last Updated:
05/31/2018
Funding Source
Banks, Impact Investors, Faith-Based Organizations, and Worldwide Crowdfunding

Summary

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:

  • Weatherization and insulation
  • Replacement of inefficient air-conditioning systems
  • Solar thermal and solar photovoltaic (PV) systems
  • Roofs, windows, doors, and hurricane shutters
  • disability products and aging in place

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.