Orlando Utilities Commission - Residential Solar Loan Program

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Eligibility: 
Residential
Savings Category: 
Solar Water Heat
Solar Photovoltaics
Program Info
Sector Name: 
Utility
Administrator: 
Orlando Utilities Commission
State: 
Florida
Program Type: 
Loan Program
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.