Utilities Loan Customers Money for Solar Energy!

Posted by: Francis Koster Published: March 6, 2009

Loan Programs for Renewables and Efficiency

Florida - Orlando Utilities Commission - Residential Solar Loan Program

Last DSIRE Review: 02/03/2009

Incentive Type:	Utility Loan Program
Eligible Renewable/Other Technologies:	Solar Water Heat, Photovoltaics
Applicable Sectors:	Residential
Terms:	PV: up to $20,000; SWH: up to $7,500 0-5.5% interest rate, depending on technology and loan term
Website:	http://www.ouc.com/green/solar_pilots.htm

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. Refer to OUC's Solar Information Packet for more details.

Contact:

Jennifer Szaro
Orlando Utilities Commission
500 S. Orange Ave.
Orlando, FL 32801
Phone: (407) 423-9100 Ext.2086
Fax: (407) 423-9198
E-Mail: JSzaro@ouc.com
Web site: http://www.ouc.com/

Francis P. Koster Ed.D.

Proven local solutions to national problems.

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Francis P. Koster, Ed. D.

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