PSE&G Solar Loan Program
For Your Business / Save Energy & Money / Go Solar / Fee Structure

PSE&G Solar Loan Program - Commercial Fee Structure

  • Application Fee -- $20/kW (maximum of $7,500); Non-refundable upon receipt of conditional bid award
  • Administration Fee -- $85/kW deducted from the loan proceeds at closing
  • SREC Processing Fee -- $10.18/SREC* to offset the long-term cost of processing and managing SRECs generated by the solar generation facility; the fee will be billed at the time of the borrower’s annual true-up and multiplied by the number of SRECs generated by the project over the previous year.

Participants should select a bid price that takes into account the new program fee structure.

All fees will be incorporated into the loan calculators available on the PSE&G Solar Loan website.

*Adjusted annually based on PSE&G program cost forecasts.  

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