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.
| Implementing Sector: | Utility |
| Category: | Financial Incentive |
| State: | Florida |
| Incentive Type: | Loan Program |
| Web Site: | http://www.ouc.com/environment-community/solar/solar-incentives |
| Administrator: | Orlando Utilities Commission |
| Start Date: | |
| Eligible Renewable/Other Technologies: |
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| Maximum Loan: |
Solar PV: $20,000 Solar Thermal: $7,500 |
| Loan Term: |
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 |
| Name: | Jennifer Szaro |
| Organization: | Orlando Utilities Commission (OUC) |
| Address: |
100 West Anderson Street Orlando FL 32801 |
| Phone: | (407) 434-2263 |
| Email: | Green@ouc.com |
This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.
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