Orlando Utilities Commission - Residential Solar Loan Program (Florida)
Last modified on December 17, 2014.
Financial Incentive Program
|Name||Orlando Utilities Commission - Residential Solar Loan Program|
|Incentive Type||Utility Loan Program|
|Eligible Technologies||Solar Water Heat, Photovoltaics|
|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|
|References||DSIREDatabase of State Incentives for Renewables and Efficiency|
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.
|Contact Name||Jennifer Szaro|
|Department||Orlando Utilities Commission (OUC)|
|Address||100 West Anderson Street|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.