Loan Programs for Renewables and Efficiency
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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 |
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Summary:
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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. |
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Category: