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<\/p>\nAUSTRALIANS have contributed up to $92,000 in donor funding to support the City of Geelong Bowls Club\u2019s new solar installation.<\/p>\n
Nationwide donations have allowed the provisions of an interest-free loan for the club to install 189 rooftop panels under the Citizens Own Renewable Energy Network (CORENA).<\/p>\n
CORENA operates Australia\u2019s longest running donor-driven revolving fund for climate action through renewable energy.<\/p>\n
The fund provides not-for-profits interest free loans through receiving donations from interested citizens that collectively fund each project.<\/p>\n
Donations are returned to the fund in the form of loan repayments, with the money repeatedly used to fund more projects that each reduce carbon emissions.<\/p>\n
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The City Geelong Bowls Club marks CORENA\u2019s 41st project ,with the company providing over $800,000 in interest-free loans since first operating.<\/p>\n
Chairman of the City of Geelong Bowls Club, Zane Lugg, is encouraging the community to support the interest-free initiative.<\/p>\n
\u201cThe installation of solar greatly reduces our operating costs, which will benefit members, patrons and the community for many years to come,\u201d he said.<\/p>\n
\u201cAdditionally, the installation also reduces our carbon footprint which can only be a good thing.\u201d<\/p>\n
The major project was installed by local company, City to Surf Solar, and is anticipated to save $15,000 per annum meaning the system payback will be achieved in six years.<\/p>\n
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CORENA project manager Adam Karl said the savings will help the club facilitate affordable activities and events for members and the community.<\/p>\n
\u201cIn addition to reducing carbon emissions, the 89 kW grid-connected solar system will lead to significant savings on the club\u2019s electricity bill by reducing reliance on expensive grid electricity,\u201d he said.<\/p>\n
Applications and donations for new loans are welcomed on the website.<\/p>\n","protected":false},"excerpt":{"rendered":"
AUSTRALIANS have contributed up to $92,000 in donor funding to support the City of Geelong Bowls Club\u2019s new solar installation. Nationwide donations have allowed the provisions of an interest-free loan for the club to install 189 rooftop panels under the Citizens Own Renewable Energy Network (CORENA). CORENA operates Australia\u2019s longest running donor-driven revolving fund for […]<\/p>\n