Florida Keys Electric Cooperative Association
Florida Keys Electric Cooperative Association
Florida Keys Electric Cooperative Association

FKEC Solar Loan Program

Seven Steps to a Solar Loan | FKEC Solar Loan FAQ | Solar Loan Manual

Interested in Solar? Finance with FKEC!

Enabling our members to explore and implement green energy practices is always a goal at Florida Keys Electric Cooperative. In an effort to help you, our members, have financial access to solar power generation, we are happy to introduce our Solar Loan program.

The program offers a streamlined application process, along with the convenience of having your loan payment payable with your monthly electric bill. Approved members may receive a loan, less any available qualified rebates, up to $20,000 for the purchase and installation of a grid-tied Distributed Energy Resource (DER) system. This includes distributed renewable solar photovoltaic systems and grid-tied battery storage systems – All of which must be installed by a qualified solar installer. The program is offered to both our residential and commercial members, and repayment of the competitively priced loan is 10 years or less with no penalty if paid off early.

Qualifying for the FKEC Solar Loan is based solely on the applicants credit history with FKEC. Residential consumers must have a minimum of a 12-month “clean” billing history with FKEC, and commercial members must have a minimum of 24-months.

Seven Steps to Obtaining an FKEC Solar Loan
  1. Contact FKEC Member Service to determine your eligibility and obtain current interest rate
  2. Select your qualified solar installer
  3. Complete the FKEC Solar Loan Program application
  4. FKEC will review the application and notify the member of approval or denial
  5. Follow FKEC’s Solar PV Interconnection process
  6. Complete all FKEC Solar Loan Program documents
  7. REPAY THE LOAN WITH YOUR MONTHLY ELECTRIC BILL
FKEC Rebate Frequently Asked Questions

How do I qualify?
Qualifying for the loan is based solely on your credit history with FKEC. Residential members must have a minimum 12-month clean billing history with FKEC and commercial members must have 24 months.

What are the terms of the loan?
FKEC will be offering competitively priced, simple interest rate loans, less any available qualified rebates, up to $20,000 for the purchase and installation of a grid-tied Distributed Energy Resource (DER) systems, including distributed renewable solar photovoltaic systems and grid-tied battery storage systems installed by a qualified solar installer. Repayment of the loan is 10 years or less, with no penalty if paid off early.

How do I start the application process?
Start by calling FKEC member service at 305-852-2431 to see if you are eligible.

Click here to download
FKEC's Solar Loan Manual
(Downloadable packet includes loan requirements, program criteria, fees and application steps)

Florida Keys Electric Cooperative Association
Florida Keys Electric Cooperative Association