For Your Home / SAVE ENERGY & MONEY / Solar Loan Program

PSE&G's Solar Loan Program - Residential Customers

PSE&G's Solar Loan program provides access to financing for homeowners in our electric service territory who want to install a solar system on their home.  View program requirements.

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 a presentation about the PSE&G Solar Loan program for residential customers:

 

View or download a copy of this video presentation.

Solar Loan Information /
Frequently Asked Questions

Get answers to the most common questions.


click here
Solar Loan Program - APPLY NOW! /
Application Web Portal

Review application process.


click here
Solar Loan Estimator /
Residential

Calculator


click here
Prior Solar Loan info /
Previous program participants only.
click here
© Public Service Enterprise Group Incorporated. All rights reserved.