Solar & Battery Regulation & Incentive Programs

Florida Keys Electric Cooperative - Solar Loan Program

Program Overview


Category:
Financial Incentive
Program Type:
Loan Program
Implementing Sector:
Utility
State:
Florida
Eligible Storage Technologies:
Solar Photovoltaics
Website:
https://fkec.com/green-power/solar-loan-program/
Maximum Loan:
$35,000
Loan Term:
10 years
Interest Rate:
Determined based on the simple interest loan amortization calculation model
Administrator:
Florida Keys Electric Cooperative
Last Updated:
05/19/2020

Summary

Florida Keys Electric Cooperative (FKEC) offers a loan program for the purchase and installation of a grid-tied Distributed Energy Resource (DER) system. This can be both a battery storage system or a photovoltaic system. This program is offered to both residential and commercial customers. To participate, customers must have a "clean" billing history with FKEC for at least 12 months for residential customers and at least 24 months for commercial customers.