Our WEfficiency program leverages the power of the crowd to fund energy efficiency upgrades at nonprofits through loans that are paid off through energy savings.
WEfficiency is a unique crowdfunding tool that enables nonprofits to install energy-efficient equipment that will lower their electricity bills. With the money they save, they can pay back their donors and do more good work for their communities.
Download our easy-to-understand flyer that explains how WEfficiency works for nonprofits.
Many nonprofits face high electricity bills every month, but are unable to pay the upfront cost of new, more efficient equipment that could help lower their bills. WEfficiency helps Hawaii nonprofits unlock the benefits of energy efficiency.
At WEfficiency.org, nonprofits can broadcast their efficiency improvement needs and secure pledges from a “crowd” of supporters. This support can be given as either a loan (the supporter gets his money back) or a donation (contributions can become standard monetary donations or be recycled to support another WEfficiency project). We call it a “loanation.”
The nonprofit will continue to save money every month after the project is funded—and they can put these additional resources toward the good work they do. WEfficiency is a win-win-win for the nonprofit, the loanator, and the community. Save energy, money, and the environment.
Since the program’s launch in 2014, WEfficiency has helped multiple nonprofits unlock the benefits of energy efficiency, lowering their electricity bills and allowing them to do allocate more resources to vital programs that support and strengthen our communities. To date, WEfficiency has enabled energy efficiency upgrades for the YWCA of Oahu, Damien Memorial School, Hawaii Public Radio, the Boys & Girls Club of Hawaii, and the National Tropical Botanical Garden on Kauai. Over their lifetime, these projects will save 200,000 gallons of oil, keep 5 million lbs. of carbon dioxide out of the atmosphere, and save the nonprofits $1.1 million.
Stay tuned for our next nonprofit energy saving project.
Know a nonprofit that could benefit from energy efficiency upgrades? Have any suggestions on ways we can improve the WEfficiency experience? Contact us with your recommendations.