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Solar Loan Program II is not currently accepting applications. The deadline for submitting an application was December 31, 2011. Thank you for your interest.
Thinking about a solar energy system for your home?
Here's some good news.
PSE&G has set aside millions of dollars to help finance the installation of solar power systems for residents, businesses, and organizations throughout our electric service area.
And that means you may be eligible for a loan from PSE&G that can help finance 40% – 60% of your qualified solar power installation.
What’s more, unlike other loans, you can elect to have the Solar Renewable Energy Certificates (SRECs) your solar electric system generates to pay back your loan.
PSE&G will guarantee a fixed minimum price for the SRECs applied towards the repayment of your loan. If SREC market prices are higher than the floor price, PSE&G will credit your loan at the higher price. You get the safety of a floor price and the upside potential of higher SREC prices.
PSE&G has simplified and improved the loan approval and closing process. It’s now easier than ever to get a Solar Loan.
It’s all part of PSE&G’s continuing efforts to encourage the development and installation of clean, renewable energy technologies throughout New Jersey.
Current Capacity Report
Review segments and capacity allocations.
Answers to frequently asked questions.
Click here for the application form
Excel loan estimator
Solar Brochure PDF
Download the solar loan brochure