Fees
Additional Costs
PSE&G must charge certain fees in association with the Solar Loan Program for Businesses.
When Can You Apply?
Find out when the next competitive solicitation process will open.
Solar 101
Everything you need to know about solar energy and the Solar Loan Program.
Questions?
Estimate Your Loan
Applicants and participants in the PSE&G Solar Loan Program can expect to pay the following fees:
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
Solar Renewal Energy Credit (SREC) Processing Fee — $16.11/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 this fee structure into account.
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.
