Orlando Utilities Commission - Residential Solar Loan Program (Florida)

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Summary

Last modified on December 17, 2014.

Financial Incentive Program

Place Florida

Name Orlando Utilities Commission - Residential Solar Loan Program
Incentive Type Utility Loan Program
Applicable Sector Residential
Eligible Technologies Solar Water Heat, Photovoltaics
Active Incentive Yes

Implementing Sector Utility
Energy Category Renewable Energy Incentive Programs
Amount Solar PV: up to 20,000
Solar Thermal: up to 7,500















Maximum Incentive Solar PV: 20,000
Solar Thermal: 7,500









Terms Solar PV Rate: 2%-5.5% Solar Thermal Rate: 0%-4%
Solar PV Repayment: up to 120 months
Solar Thermal Repayment: up to 84 months
Program Administrator Orlando Utilities Commission
Website http://www.ouc.com/environment-community/solar/solar-incentives
Date added to DSIRE 2008-02-13
Last DSIRE Review 2014-09-26



References DSIREDatabase of State Incentives for Renewables and Efficiency[1]


Summary

Orlando Utilities Commission (OUC), in cooperation with the Orlando Federal Credit Union (OFCU), provides its customers with low-interest loans for solar photovoltaic (PV) systems and solar water heating (SWH) systems. Customers may borrow up to $7,500 for a SWH system or up to $20,000 for a PV system, and loans are repaid over time as fixed payments on customers' monthly utility bills. Interest rates for SWH systems vary from 0% to 4% over a term ranging from three years to seven years. Interest rates for PV systems vary from 2% to 5.5% over a term ranging from three years to 10 years. Customer does not have to be a member of OFCU to qualify.


Incentive Contact

Contact Name Jennifer Szaro
Department Orlando Utilities Commission (OUC)

Address 100 West Anderson Street

Place Orlando, Florida
Zip/Postal Code 32801
Phone (407) 434-2263


Email Green@ouc.com
Website http://www.ouc.com
     
     


  • Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.[1]

References

  1. 1.0 1.1  "Database of State Incentives for Renewables and Efficiency"