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Builders & Contractors /

Solar Developers for Residential Aggregated Projects

PSE&G will begin accepting applications for the third solicitation of our Solar Loan III Program on Tuesday, July 1, 2014 at 10:00am (EDT).
Applications will be accepted through a link on this website.
The solicitation will be open until 5:00pm (EDT) on Tuesday, July 22, 2014.  PSE&G commercial and residential electric customers are eligible to apply. Interested parties are encouraged to review this website for further information, including the solicitation schedule and program capacity being made available.  Thank you for your interest.

The PSE&G Solar Loan Program now allows for solar developers to apply for financing for residential aggregated solar projects.

Learn more about specific rules and requirements for residential aggregated solar projects.

The latest extension of the Solar Loan Program includes some important changes to earlier program rules.

Specifically, the new Solar Loan Program:

  • Uses 10-year loan terms only.
  • Does not use a "call option" for SRECs.
  • Requires borrowers to pay for administrative costs associated with loans.  View the Solar Loan Program's fee structure.
  • Requires borrowers to certify that they own the property they will be building or have written permission for solar development from the property's owner.
  • Has a set interest rate of 11.179%.
  • Allocates the 97.5MW-dc of solar capacity to several different segments.  View the available capacity.
  • Includes a competitive solicitation process for SREC floor prices that will remain in effect for the duration of the loan (unless repaid earlier). Learn more information about the competitive solicitation process.

View or download a presentation about the PSE&G Solar Loan Program for Residential Aggregated projects:

 

View or download a copy of this video presentation.

Solar Loan Information /
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