PV and Thermal Solar Incentives

OUC’s solar incentives include Net Metering and production credits for solar PV systems.

Net Metering

Any time a customer’s solar PV system generates more energy than the home/business can use, the excess energy will flow out to the OUC grid and OUC will purchase the kWhs from the customer at the customer's retail electric rate.

Photovoltaic Credit Program

Once the solar PV system passes the required inspections, customers receive a monthly credit on their OUC bill of 5.0 cents per kWh produced by the solar system regardless of whether the energy was used by the customer or sent back to the OUC grid. To provide customer credits, OUC requires the solar installer to provide and install a steel electric meter base with the solar system.

Solar Thermal Incentive Program

OUC offers residential electric customers a Point of Sale rebate of $1,000 that your contractor will provide at the time you purchase your solar hot water system. Pool heating systems are not included in the program. Through a pertnership with the Orlando Federal Credit Union (OFCU), OUC also offers an option to finance your solar hot water system for as low as 0 percent over 36 months. Customers who choose to finance through this special program receive a Point of Sale rebate of $550 in addition to OUC's interest rate buydown on the loan. All participants must use an OUC Preferred Contractor.

For Commercial Solar Thermal Program Information, visit here.

Federal Tax Credits

The Energy Policy Act of 2005 (H.R. 6, Sec. 1335) established a 30 percent tax credit for the purchase and installation of residential solar electric and solar water heating property.  An individual can take both a credit for a photovoltaic system and a credit for a solar water heating system.  Initially scheduled to expire at the end of 2007, the tax credits were extended through December 31, 2016, by Section 1122 of The American Recovery and Extension Act of 2008 (H.R. 1).  Please check with your tax advisor to verify your tax savings prior to the purchase and installation of a solar system. For more information, visit the Energy Policy Act of 2005 on the IRS website or contact the Internal Revenue Service directly at 800. 829.1040. To learn more, visit the tax credits page of the Energy Star website.

 

OUC Low Interest Loan with the Orlando Federal Credit Union

Orlando Utilities Commission has partnered with Orlando Federal Credit Union (OFCU) to provide OUC’s residential customers with low interest loan options for installing Solar Photovoltaic (PV) or Solar Thermal Systems. Below are the low interest loan rates and terms for each of the solar programs.

Solar Thermal Systems ($7,500 maximum loan amount)			Solar PV Systems ($20,000 maximum loan amount)
Terms (months) 36 60 84	Rate (APR) 0.00% 2.75% 4.00%		Terms (months) 36 60 84 120	Rate (APR) 2.00% 4.00% 4.75% 5.50%

The rates and terms above are subject to change. To pre-qualify and verify the current rates and terms, please call 407.835.3500 option 1. Customer does need to become a member of OFCU to apply for the loan.

Financing subject to credit history and credit score. Loan-to-value and maximum combined loan balance requirements apply.

 Property requirements:

• Must be owner occupied
• Borrower(s) must be on title to property.
• Property types:
  • Single Family Home
  • Townhouse
  • Duplex

* The low interest loans are available to OUC’s residential customers only.

• To learn more information, please visit the OFCU loan website.
  
  
• More information can also be found in the OFCU Green Loan Brochure