Applicant Credit Review for Commercial Solar Loans

See if You Qualify

All applicants to the Solar Loan Program for Businesses must undergo a credit review.

Once an applicant has been conditionally accepted into the program, PSE&G will evaluate the project from a credit perspective.

Here is what we look at:

  • PSE&G will review financial documentation submitted during the solicitation process, including the last three years of financial statements.
  • Applicants and host (if applicable) must be in good standing with respect to payment of PSE&G energy bills.
  • PSE&G may request additional financial information on an as-needed basis, and applicants are required to respond within the time frame requested in order to maintain their conditional capacity award.
  • If credit enhancements are determined to be necessary, the applicant may be required to provide a guaranty from a third party or other security which is acceptable to PSE&G.
  • PSE&G will maintain a first-priority lien position on the solar equipment.
  • For solar developers for residential-aggregated projects, PSE&G will maintain the right, but not the obligation, to enter into forbearance agreements under commercially reasonable terms with program applicants.

See Credit Requirements below for more detailed information.

Frequently Asked Questions