BY Maria Gallucci, Salon Reporter — 06/28/2021
Salon reports on the COVID-19 pandemic and how it has catalyzed another economic meltdown — with an unemployment rate over 13 percent — and how the green bank concept is making a comeback. The green bank is the idea of a nonprofit institution that would use public money to help cash-strapped businesses invest in solar panels, wind farms, and energy-efficiency building retrofits.
Here is an excerpt that features SELF:
Similarly, in Florida, the Solar and Energy Loan Fund, or SELF, provides microloans for residents who otherwise couldn’t get financing for sustainable home improvements due to barriers such as low credit scores. The program has financed over $12 million in projects, helping some 4,000 people install solar water heaters and solar panels or put hurricane shutters over windows. SELF is currently expanding to include affordable multi-family housing units in South Florida and to help homeowners replace aging septic and sewage systems.
The article can be found here.