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Planning your solar power installation.
Here are some tips that will guide you through the steps you need to take before you contact PSE&G for financing.
Step 1: Learn the facts.
Familiarize yourself with the ins and outs of installing a solar energy system. For example, www.NJCleanEnergy.com/whysolar has information on how solar works; the benefits you’ll reap; the best size and the right location for your system; the savings you will see; what to expect in the way of permits, and more.
Step 2: Find a skilled contractor and compare costs and savings.
We recommend talking with at least three different contractors/installers, and having each submit a proposal based on an on-site audit of your home.
Be sure to ask…
- How many solar power systems have you installed in New Jersey?
- Are you properly licensed?
- How many inspections does it typically take to pass the New Jersey Board of Public Utilities’ requirements?
- Are you familiar with the PSE&G Solar Loan Program?
You can find contractors/installers to choose from at NJCleanEnergy.com/findavendor.
The proposals you request from competing contractors should allow you to make a direct comparison of all costs associated with system ownership, such as equipment, size of system your home can accommodate, and expected annual energy generation. Once you choose your vendor, you’ll be ready to…
Step 3: Apply for Solar Loan financing.
PSE&G may finance approximately 40% – 60% of the cost of a qualified operating solar electric system. Your contractor will work with you to help you with the loan application and technical documents you’ll need to apply for financing.
Click here for our Residential Loan Application Process.
Click here for the application form
Solar Brochure PDF
Download the solar loan brochure
Excel loan estimator