| Implementing Sector | Utility |
|---|---|
| Category | Financial Incentive |
| State | Florida |
| Incentive Type | Loan Program |
| Web Site | http://www.talgov.com/you/you-products-home-loans.aspx |
| Administrator | City of Tallahassee Utilities |
| Utilities | City of Tallahassee |
| Eligible Renewable/Other Technologies | Solar Water Heat, Solar Photovoltaics, Solar Pool Heating |
| Applicable Sectors | Residential |
| Maximum Loan | Solar PV or ENERGY STAR roofing: $20,000 Other Measures: varies |
| Loan Term | Repayment: up to 5 years for general measures; 10 years for PV |
| Minimum Loan Amount | $500 |
| Interest Rate | Rate: 5% |
The City of Tallahassee Utilities offers loans with an interest rate of 5% for a variety of energy-saving measures, including photovoltaic (PV) systems and solar water-heating systems. Under this program, customers may borrow up to $20,000 for PV systems. Various other systems can qualify for loans. Loan payments are to be made on monthly utility bills. Customers must first get a vendor price or a contractor’s proposal and send it to the utility Energy Services. A city energy audit is required for all solar technology installations. Installation work should not begin until after a signed Loan Promissory Note has been received.
Solar water heating systems must be Florida Solar Energy Center (FSEC) certified indirect or drain-back systems. Loans will not be awarded if the system is replacing a natural gas water heater. PV systems must also be FSEC certified. An energy audit is required for all solar measures.
For detailed information on the loan process, see the loan handbook or call the utility’s energy services department at (850) 891-4968.
