Florida Keys Electric Cooperative - Solar Loan Program

Florida Keys Electric Cooperative offers loans up to $35,000 for solar panels or battery storage systems, with repayment spread over 10 years or less and no early payoff penalty. To qualify, you must have a clean 12-month billing history with FKEC and can conveniently pay your loan through your monthly electric bill. Contact FKEC member service at (305) 852-2431 to start the application process.

This program provides residential and commercial customers access to financing for grid-tied solar photovoltaic and battery storage systems you install, supporting customer adoption without requiring them to pay upfront. Installations must be performed by qualified solar installers, and systems must be grid-tied distributed energy resources approved under FKEC's program.

FKEC's Solar Loan Program funds up to $35,000 per approved member for DER systems (solar PV and lithium-ion battery storage), with 10-year repayment terms and competitively priced simple interest rates. Eligibility is based solely on FKEC billing history: 12 months clean history for residential members and 24 months for commercial members, making this a credit-based internal program targeting both sectors within the cooperative's service area.