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Florida

Florida

Incentives/Policies for Renewables & Efficiency

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Orlando Utilities Commission - Residential Solar Loan Program   

Last DSIRE Review: 07/11/2012
Program Overview:
State: Florida
Incentive Type: Utility Loan Program
Eligible Renewable/Other Technologies: Solar Water Heat, Photovoltaics
Applicable Sectors: Residential
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
Web Site: http://www.ouc.com/en/residential/Solar/solar_incentives.aspx
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.

For more details, see OUC's Solar Information Packet.


 
Contact:
  Jennifer Szaro
Orlando Utilities Commission (OUC)
100 West Anderson Street
Orlando, FL 32801
Phone: (407) 434-2263
E-Mail: Green@ouc.com
Web Site: http://www.ouc.com
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Disclaimer: The information presented on the DSIRE web site provides an unofficial overview of financial incentives and other policies. It does not constitute professional tax advice or other professional financial guidance, and it should not be used as the only source of information when making purchasing decisions, investment decisions or tax decisions, or when executing other binding agreements. Please refer to the individual contact provided below each summary to verify that a specific financial incentive or other policy applies to your project.

While the DSIRE staff strives to provide the best information possible, the DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. make no representations or warranties, either express or implied, concerning the accuracy, completeness, reliability or suitability of the information. The DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. disclaim all liability of any kind arising out of your use or misuse of the information contained or referenced on DSIRE Web pages.

Copyright 2013 - 2014 North Carolina State University, under NREL Subcontract No. XEU-0-99515-01. Permission granted only for personal or educational use, or for use by or on behalf of the U.S. government. North Carolina State University prohibits the unauthorized display, reproduction, sale, and/or distribution of all or portions of the content of the Database of State Incentives for Renewables and Efficiency (DSIRE) without prior, written consent.