FY 2015

REBUILDING AND EMPOWERING

UNDERSERVED COMMUNITIES

SOLAR AND ENERGY LOAN FUND

2400 Rhode Island Avenue

Fort Pierce, Florida 34950

www.solarenergyloanfund.org

T. (772) 468 1818 Facebook: Slc SELF

2nd Quarter

In January 2015, SELF opened its first branch office in the City of Orlando.

As of March 2015, SELF had closed loans in a total of 24 jurisdictions.

In February, 2015 SELF closed the first 2 Commercial PACE (Property-Assessed Clean Energy) projects for Solar Water Heaters.

SELF finalized a partnership

with the Green Veterans Group to

create the “Veterans Helping

Veterans” program focused on

providing low cost capital from

global crowd funder KIVA.org, for

Veterans to improve their homes,

and to help put other veterans

back to work by contracting them

to do the installations. The

“Veterans Helping Veterans” program also has an “on the

job training” component which provides veterans with

opportunities develop new

careers in the green

technology and building

sectors by training with

contractors on site.

SELF launched a new “Contractor Financing Program” to provide short term equipment financing to help vendors and contractors grow their businesses.

SELF NEWS FLASH

SELF ACHIEVEMENTS

SELF has deployed over $3 Million dollars in energy efficiency and renewable energy loans benefitting over 360 homeowners and 1,000 people.

SELF helped create over 13,000 job hours through its network of affiliated contractors, which is the hardest hit job sector in Florida.

69% of SELF loans are for Low and Moderate Income Populations and 42% of our beneficiaries are women heads of households

SELF increased its funding sources from 1 to 12 since 2012. Investors include Faith Based Organizations, Banks and an International Crowdfunding Platform.

Since 2011, SELF was able to raise a combined total of $ 6.5 million dollars in loan capital and grants.

SELF has expanded from one county (St. Lucie County) to statewide coverage in 2015.

SELF increased its product offering to include “wind hazard mitigation” products (e.g. roofs, impact windows and doors) to help homeowners improve the safety and value of their homes.

SELF is the only CDFI in America that administers a commercial PACE (Property- Assessed Clean Energy) program to help small businesses green up their properties.

SELF is the only “green” CDFI raising capital globally, through the most well established peer to peer lending crowd sourcing platform, KIVA.org

SELF won the “Most Outstanding Green Business of the Year” Award from the South Florida Chapter of the

US Green Building Council (USGBC), in 2013.

SELF’s mission is to provide energy

expertise and favorable financing to

underserved residents, small

businesses and communities in order

to yield sustainable community

development, local employment and

economic development opportunities,

enhanced quality of life, greater

efficiencies, clean energy alternatives,

and energy independence.

Solar and Energy Loan Fund (SELF)

SELF is a certified a 501(c)(3) non-profit, Community Development Financial Institution (CDFI) as per the U.S. Treasury Department, and provides energy expertise and affordable financing to enable low-to- moderate income homeowners and businesses to identify and make cost- effective energy, wind resistance and water conservation upgrades to

their homes and businesses. SELF began operations in 2011 after being selected as one of twenty programs in America to receive funding through the Energy Efficiency and Conservation Block Grant (EECBG) program from the United States Department of Energy (DOE).

Currently SELF is a statewide program headquartered in St. Lucie County, Florida, with one branch office in the City of Orlando. Its target markets are underserved communities in the Treasure Coast, Central and West Florida.

SELF loans help people make much needed property improvements while lowering their operating costs and improving the quality of life in their homes. The sustainable type of improvements financed by SELF also increase value of properties and contribute to the revitalization of residential and commercial neighborhoods, while spurring economic activity through the employment of local contractors to complete the projects

The Problem - E c o n o m i c Distress

SELF was founded in July 2010 to address the related problems of working class people struggling economically to make ends meet, the steadily-rising cost of utilities, the need for greater energy independence, missed economic development and employment opportunities, and the lack of access to capital and clean energy

have yet to benefit from the emerging clean energy economy and typically do not have the disposable income or equity to afford the high upfront costs of energy retrofits and renewable energy alternatives. Energy Costs Floridians spend about $58 billion per year purchasing carbon-based fuels from other

solutions in the Sunshine State. states and nations, 7th highest

Florida was significantly affected by the recession and housing market collapse and continues to struggle economically with housing down, tourism reduced and the citrus industry in decline. In 2012, the foreclosure rate in Florida was among the highest in the nation, and unemployment in SELF’s primary markets was above national averages. Low and moderate income people

in the nation, and electricity costs have been steadily increasing statewide by an average of 4.7% per year. Florida’s energy infrastructure is inefficient and aging and

relies heavily on carbon-based fuels purchased from other states and nations. Although known as the Sunshine State, Florida lags behind the nation in solar power production (below 3%).

REBUILDING AND EMPOWERING

UNDERSERVED COMMUNITIES

Energy and Environmental Impacts Total

Cumulative Energy Savings (kWh) 1.2 M

Cumulative Savings in Co2 Emissions (Metric Tons) 987

Equivalency in Gallons of Gasoline Saved 111,019

Economic Impact Total

Average Annual $ savings in Energy Bills from

Renewable and Energy Efficiency Technologies

$270

Average % savings (kWH) per household 22%

# of Hours Employed in Projects 13,308

Wages generated through financed projects (@

avg. $20/hr.)

$263,440

SOCIAL IMPACTS

Total Clients/Families Served 356

% of Clients in CDFI Investment Areas 69%

% of Women Clients 42%

Local contractors attend SELF workshop to learn

about benefits of the program and new contractor

financing options.

SELF clients have collectively:

REDUCED energy consumption by more than one

million kilowatt hours, which is an average of 22%

per household.

REDUCED carbon (Co2)

emissions by 986.6 Metric Tons,

equivalent to saving 111,019

gallons of gas.

GENERATED 13,308 labor

hours for local

contractors, which are the

hardest hit job sector in

Florida, and the top

performing contractors

have increased their

overall business activities by as much as 20-30% through our partnership.

REACHED more than 32,000 people through

workshops, local meetings and events to increase

awareness and provide education on energy

efficiency and clean energy benefits.

TRIPLE BOTTOM LINE

IMPACTS

SELF has a residential and commercial lending program through which it provides a full range of financial and non-financial services, including: education and training through workshops, public events; speaking engagements; local conferences; seminars; and social media outlets. Our financial products target 2 markets:

1) Residential Homeowners. 2) Commercial, Industrial, Agricultural and Non-

Profit Property Owners.

The Residential program helps home owners, access affordable unsecured loans, to make improvements

that contribute to energy savings, enhanced wind

resistance and water conservation, and improved safety and quality of life in the home.

The Commercial Financing program: Property- Assessed Clean Energy (PACE), is an alternative financing program that is available to help Commercial, Industrial, Agricultural and Non-Profit property owners in St. Lucie County, make improvements to buildings and facilities, including: energy efficiency, renewable energy, wind hazard mitigation and water conservation. PACE financing is secured by equity in the subject property and the voluntary assessment is paid back over time on the property tax bill.

Process: SELF conducts an energy audit for most projects, to determine the potential savings derived from recommended improvements. SELF’s clean energy experts then assist the property owners in reviewing the audit and identifying the most cost-effective types of improvements.

SELF provides financing for dozens of different types of proven technologies including but not limited to:

Energy efficiency products for residential homes and businesses: weatherization, LED lights, high-efficiency air conditioners

Solar: solar water heaters, attic fans, photovoltaic (PV) systems. Wind hazard mitigation products: roofs, high impact windows, doors and shutters). Water Conservation: pool and other water pumps.

Value Proposition

1. Affordable interest rates 2. High social mission 3. Local market knowledge and relationships 4. Personal, Hands-on care and project management.

Markets

SELF is able to provide services statewide, however its primary focus is on the underserved markets in the Treasure Coast, Central Florida and West Coast geographic area.

SELF is headquartered in St. Lucie County and, as of January 2015, opened its first branch office in Orlando. The next phase of expansion will be primary focused on the Tampa Bay Region.

PRODUCTS AND SERVICES

Natasha Serra, SELF Community Outreach

Coordinator, raising awareness at the

Conservation Alliance’s “Day at the Park.

(St. Lucie County)

Girl Scouts receive education

on Solar Energy and Water

Conservation

RESULTS (March 2015)

“I applied with SELF after seeing an article onSELF’s affordable loans. The energy audit

results showed that my home was not leakingair, but I needed to replace my air conditionerdue to age. The process was smooth and I amvery happy that I financed my A/C with SELF”-

Mr. Lewis Harrison.

Loan Activity To Date As of 3/31/2015

Loans Closed to Date 356

Loans Closed to Date ($) $2,981,998

# of Active Loans to Date 311

Outstanding Active Loan Portfolio $1,869,533

Average Loan Size $8,379.40

Average APR of New Loans disbursed 8.00%

Social

Economic

Environmental

Community and Outreach Total

# of Total Educational/ Awareness 328

# of People Reached through Events 32,563

# of Contractors Affiliated to Program 68

SELF Volunteers at CommunityEvents to educate and create

Environmental& FinancialEducation

Lillieth- SELF KIVA client, with Melanie Robles, SELF

Treasure Coast Loan Program Manager

“I chose SELF because of the many success stories I have read and I liked that

SELF had no “Red Tape.” I believed SELF would help me achieve my goals

because they made the process smooth, returned phone calls and kept me

informed. I am so happy I found out about SELF, and now my daughters will

be healthier as a result.”- Triffany.

Ms. Reese had been in financial distress since 2012 and endured living in her

home with no air

conditioning or any

maintenance for a

year and a half. She

had been denied

access to loans repeatedly and had lost all hope of being able

to improve her home and achieve a better quality of life,

despite her hard work and many efforts. Lillieth has been

working for Hospice, comforting and helping others for the

past 15 years, and at SELF we believed it was her turn to

receive help. Lillieth’s loan was funded in one week through

our global crowdsourcing program KIVA, and she is now able to have more comfort and livability in her home.

Kwaku is a U.S. Veteran, father of 4 children. He recently

went through financial hardship as he helped his father

through a long illness until his passing. Due to the

circumstances, Kwaku was unable to access affordable

financing to replace his air conditioner to provide more

comfort to his family at home. SELF is providing a loan to him

through our “Veterans helping Veterans” program, which

uses KIVA.org to raise funds globally. “I was comfortable

choosing SELF due to their results with other clients and

reputations with the county”- Kwaku

OUR IMPACT STORIES

Kwaku

U.S. Veteran

1st Loan

from

“Veterans

Helping

Veterans”

with KIVA

funding.

Triffany - Mother of 5 childrenKIVA client

CAPITAL RESOURCES

SELF’s triple impact model focuses on benefiting clients, the community, and the environment,

while simultaneously scaling the program to achieve maximum financial self-sufficiency for the

organization.

The organization has raised a total of over $6.5 million to date between grants and loan capital

and we are currently advancing towards our goal to close $10 million in loans by 2017. SELF

continues to experience strong market demand that requires additional capital, which we are

seeking from impact and socially responsible Investors, faith based organizations, banks and

foundations as well as government programs, such as: Small Business Administration (SBA);

Department of Agriculture (USDA); and, the CDFI Fund.

SELF’s Capital Funding Sources:

Board of Directors: As a public benefit entity, SELF is led by a board of directors composed of local industry

leaders, bankers, educators, and professionals.

CAPITAL FUNDING for CDFI $$

EECBG $1,654,215.00

MERCY $200,000.00

SETON $200,000.00

RCIF $100,000.00

PNC $300,000.00

Sisters of St. Francis $50,000.00

ADS $235,000.00

KIVA $250,000.00

FIRST GREEN BANK $250,000.00

NBLI $50,000.00

Bank United $150,000.00

Total $3,439,215.00

Total CDFI (Residential) Loan Capital $ 3,439,215

PACE CAPITAL $ 1,000,000

Total GRANT and IN-KIND Contributions $ 2,134,785

TOTAL FUNDS RAISED (2011-2014) $ 6,574,000

Contact Information:

info@solarenergyloanfund.org www.solarenergyloanfund.org

www.facebook.com/solarenergyloanfund

T. 772.468.1818 / F. 772.468.1811