Available Capacity

Solicitation Results and Capacity

View current available capacity, as well as past solicitation results and average weighted SREC floor bid prices.

Solicitation Results & Available Capacity

Updated as of: July 3, 2018

Please see the amount of program capacity that will be available for the 24th solicitation, accepting applications July 9 - July 20.

Program Segment

Capacity kW (dc)

Large Non-Residential Segment (> 150kW ≤ 2MW)* 5,115
Small Non-Residential Segment (≤ 150kW) 9,353
Residential Segment 5,137
Res-Aggregated Segment 0
Landfill & Brownfield Segment (≤ 5MW) 0

Any program capacity previously conditionally allocated to projects that are rejected or withdrawn will be added to capacity available for Solicitation 24.

*Please be advised that consistent with the Board of Public Utilities approval order for the Solar Loan III Program, on September 30, 2015 PSE&G submitted a compliance notice to the Board of its intent to amend the Solar Loan III Program Rules for an exception with respect to awarding capacity to solar photovoltaic projects sized up to 2MW as follows: “If, after any solicitation, the Large Non-Res segment is undersubscribed, the project size limitation for this segment shall be removed for the following and all subsequent solicitations. If, in a subsequent solicitation, approved projects under 2 MW overfill the Large Non-Res segment capacity block, the 2 MW limit shall be reinstated for the next subsequent solicitation.”The amendment to the Program Rules became effective ten business days after submission to the Board and will be incorporated into PSE&G’s Program Rules going forward.

** Please be advised that the capacity from the Res-Aggregated Segment has been reallocated to the Large Non-Residential Segment.  Applications will no longer be accepted in the Res-Aggregated Segment.

The table below summarizes program capacity by status.

Capacity kW (dc)

Capacity Closed, Approved or Under Review 78,104
Total Available Capacity (Solicitation 24) 19,605
Future Available Capacity Release 0
Total Solar Loan III Capacity 97,709

The table below summarizes the results from the 23rd Solar Loan III Program solicitation held in April 2018.  PSE&G notified successful participants of their conditional acceptance subject to a further review of additional criteria such as credit, interconnection and engineering review.  Any program capacity conditionally allocated to projects that are rejected or withdrawn will be added to the current solicitation.  Any program capacity not utilized during the 24th solicitation will be added to the respective segment capacity for the 25th solicitation.

Solicitation #23

Program Segment

Available Capacity kW (dc)

Capacity Received kW (dc)

Applications Received

Capacity Accepted kW (dc)

Applications Accepted

Weighted Average SREC Floor Bid Price

Large NonResidential Segment (> 150kW ≤ 2MW)* 9,962 11,669 14 4,847 4 $201
Small Non-Residential Segment (≤ 150kW) 10,077 832 17 724 16 $263
Residential Segment 5,420 283 26 283 26 $273
Res-Aggregated Segment 0 0 0 0 0 N/A
Landfill & Brownfield Segment (≤ 5MW) 0 0 0 0 0 N/A

The following tables contain the results for solicitations #1 through #22.

Solicitation #22

Program Segment

Available Capacity kW (dc)

Capacity Received kW (dc)

Applications Received

Capacity Accepted kW (dc)

Applications Accepted

Weighted Average SREC Floor Bid Price

Large NonResidential Segment (> 150kW ≤ 2MW)* 22,715 17,191 10 15,579 7 $197
Small Non-Residential Segment (≤ 150kW) 10,029 141 4 98 2 $252
Residential Segment 5,617 309 28 242 23 $274
Res-Aggregated Segment 0 0 0 0 0 N/A
Landfill & Brownfield Segment (≤ 5MW) 0 0 0 0 0 N/A

Solicitation #21

Program Segment

Available Capacity kW (dc)

Capacity Received kW (dc)

Applications Received

Capacity Accepted kW (dc)

Applications Accepted

Weighted Average SREC Floor Bid Price

Large NonResidential Segment (> 150kW ≤ 2MW)* 15,149 2,074 3 1,038 2 $203
Small Non-Residential Segment (≤ 150kW) 9,889 230 4 162 3 $265
Residential Segment 6,099 576 56 528 51 $273
Res-Aggregated Segment 0 0 0 0 0  N/A
Landfill & Brownfield Segment (≤ 5MW) 0 0 0 0 0 N/A

Solicitation #20

Program Segment

Available Capacity kW (dc)

Capacity Received kW (dc)

Applications Received

Capacity Accepted kW (dc)

Applications Accepted

Weighted Average SREC Floor Bid Price

Large NonResidential Segment (> 150kW ≤ 2MW)* 9,907 0 0 0 0 N/A
Small Non-Residential Segment (≤ 150kW) 9,130 59 3 59 3 $275
Residential Segment 6,456 580 54 479 44 $272
Res-Aggregated Segment 0 0 0 0 2 N/A
Landfill & Brownfield Segment (≤ 5MW) 0 0 0 0 0 N/A

Solicitation #19

Program Segment

Available Capacity kW (dc)

Capacity Received kW (dc)

Applications Received

Capacity Accepted kW (dc)

Applications Accepted

Weighted Average SREC Floor Bid Price

Large NonResidential Segment (> 150kW ≤ 2MW)* 16,771 20,150 13 8,023 6 $186
Small Non-Residential Segment (≤ 150kW) 9,670 674 16 603 15 $250
Residential Segment 6,607 402 37 196 18 $273
Res-Aggregated Segment 0 195 2 140 2 $271
Landfill & Brownfield Segment (≤ 5MW) 0 0 0 0 0 $0

Solicitation #18

Program Segment

Available Capacity kW (dc)

Capacity Received kW (dc)

Applications Received

Capacity Accepted kW (dc)

Applications Accepted

Weighted Average SREC Floor Bid Price

Large NonResidential Segment (> 150kW ≤ 2MW)* 16,658 12,197 8 8,037 4 $203
Small Non-Residential Segment (≤ 150kW) 9,786 456 11 256 5 $252
Residential Segment 6,801 298 29 234 22 $283
Res-Aggregated Segment 3,121 45 1 45 1 $265
Landfill & Brownfield Segment (≤ 5MW) 0 0 0 0 0 $0

Solicitation #17

Program Segment

Available Capacity kW (dc)

Capacity Received kW (dc)

Applications Received

Capacity Accepted kW (dc)

Applications Accepted

Weighted Average SREC Floor Bid Price

Large NonResidential Segment (> 150kW ≤ 2MW)* 13,671 2,276 4 2,113 3 $200
Small Non-Residential Segment (≤ 150kW) 10,673 1,107 14 993 13 $231
Residential Segment 7,022 317 30 259 24 $280
Res-Aggregated Segment 3,131 11 1 11 2 $275
Landfill & Brownfield Segment (≤ 5MW) 0 0 0 0 0 $0

The following tables contain the results for solicitations #1 through #16:

Solicitation #16

Program Segment

Available Capacity kW (dc)

Capacity Received kW (dc)

Applications Received

Capacity Accepted kW (dc)

Applications Accepted

Weighted Average SREC Floor Bid Price

Large Non-Residential Segment (> 150kW ≤ 2MW)* 10,114 8,965 11 5,866 8 $201
Small Non-Residential Segment (≤ 150kW) 11,434 773 16 773 16 $248
Residential Segment 7,175 209 19 187 16 $285
Res-Aggregated Segment 3,229 98 1 98 1 $275
Landfill & Brownfield Segment (≤ 5MW) 0 0 0 0 0 N/A

Solicitation #15

Program Segment

Available Capacity kW (dc)

Capacity Received kW (dc)

Applications Received

Capacity Accepted kW (dc)

Applications Accepted

Weighted Average SREC Floor Bid Price

Large Non-Residential Segment (> 150kW ≤ 2MW)* 8,312 8,226 4 7,212 3 $216
Small Non-Residential Segment (≤ 150kW) 11,509 293 4 116 2 $266
Residential Segment 7,444 392 42 297 32 $283
Res-Aggregated Segment 3,377 181 1 148 1 $275
Landfill & Brownfield Segment (≤ 5MW) 0 0 0 0 0 N/A

Solicitation #14

Program Segment

Available Capacity kW (dc)

Capacity Received kW (dc)

Applications Received

Capacity Accepted kW (dc)

Applications Accepted

Weighted Average SREC Floor Bid Price

Large Non-Residential Segment (> 150kW ≤ 2MW)* 7,047 6,091 7 6,091 7 $219
Small Non-Residential Segment (≤ 150kW) 11,096 408 6 408 6 $257
Residential Segment 7,458 179 18 29 3 $290
Res-Aggregated Segment 3,330 88 1 0 0 N/A
Landfill & Brownfield Segment (≤ 5MW) 0 0 0 0 0 N/A

Solicitation #13

Program Segment

Available Capacity kW (dc)

Capacity Received kW (dc)

Applications Received

Capacity Accepted kW (dc)

Applications Accepted

Weighted Average SREC Floor Bid Price

Large Non-Residential Segment (> 150kW ≤ 2MW)* 15,302 18,541 22 18,541 22 $206
Small Non-Residential Segment (≤ 150kW) 10,146 137 2 89 1 $250
Residential Segment 7,655 245 28 238 22 $293
Res-Aggregated Segment 6,618 48 1 48 1 $275
Landfill & Brownfield Segment (≤ 5MW) 0 0 0 0 0 N/A

Solicitation #12

Program Segment

Available Capacity kW (dc)

Capacity Received kW (dc)

Applications Received

Capacity Accepted kW (dc)

Applications Accepted

Weighted Average SREC Floor Bid Price

Large Non-Residential Segment (> 150kW ≤ 2MW)* 5,815 833 2 833 2 $235
Small Non-Residential Segment (≤ 150kW) 9,947 8 1 0 0 N/A
Residential Segment 7,662 75 8 75 8 $293
Res-Aggregated Segment 6,614 75 1 75 1 $275
Landfill & Brownfield Segment (≤ 5MW) 0 0 0 0 0 N/A

Solicitation #11

Program Segment

Available Capacity kW (dc)

Capacity Received kW (dc)

Applications Received

Capacity Accepted kW (dc)

Applications Accepted

Weighted Average SREC Floor Bid Price

Large Non-Residential Segment (> 150kW ≤ 2MW)* 20,844 25,298 11 23,834 10 $223
Small Non-Residential Segment (≤ 150kW) 9,672 947 15 852 14 $253
Residential Segment 6,931 208 22 208 22 $294
Res-Aggregated Segment 5,803 117 2 93 2 $275
Landfill & Brownfield Segment (≤ 5MW) 0 0 0 0 0 N/A

Solicitation #10

Program Segment

Available Capacity kW (dc)

Capacity Received kW (dc)

Applications Received

Capacity Accepted kW (dc)

Applications Accepted

Weighted Average SREC Floor Bid Price

Large Non-Residential Segment (> 150kW ≤ 2MW)* 21,720 6,373 5 6,373 5 $235
Small Non-Residential Segment (≤ 150kW) 8,638 20 1 20 1 $220
Residential Segment 6,285 324 31 289 27 $290
Res-Aggregated Segment 4,958 138 1 138 1 $275
Landfill & Brownfield Segment (≤ 5MW) 0 0 0 0 0 N/A

Solicitation #9:

Program Segment

Available Capacity kW (dc)

Capacity Received kW (dc)

Applications Received

Capacity Accepted kW (dc)

Applications Accepted

Weighted Average SREC Floor Bid Price

Large Non-Residential Segment (> 150kW ≤ 2MW)* 21,241 6,727 11 4,189 6 $224
Small Non-Residential Segment (≤ 150kW) 7,749 386 7 145 3 $233
Residential Segment 5,463 302 29 152 16 $295
Res-Aggregated Segment 4,161 103 2 19 1 $275
Landfill & Brownfield Segment (≤ 5MW) 0 936 1 0 0 N/A

Solicitation #8

Program Segment

Available Capacity kW (dc)

Capacity Received kW (dc)

Applications Received

Capacity Accepted kW (dc)

Applications Accepted

Weighted Average SREC Floor Bid Price

Large Non-Residential Segment (> 150kW ≤ 2MW)* 18,291 1,968 5 1,250 3 $226
Small Non-Residential Segment (≤ 150kW) 7,255 382 7 382 7 $251
Residential Segment 4,686 180 18 138 14 $289
Res-Aggregated Segment 3,261 0 0 0 0 N/A
Landfill & Brownfield Segment (≤ 5MW) 0 0 0 0 0 N/A

Solicitation #7:

Program Segment

Available Capacity kW (dc)

Capacity Received kW (dc)

Applications Received

Capacity Accepted kW (dc)

Applications Accepted

Weighted Average SREC Floor Bid Price

Large Non-Residential Segment (> 150kW ≤ 2MW)* 20,891 3,452 5 2,858 4 $204
Small Non-Residential Segment (≤ 150kW) 6,940 1,011 10 557 6 $257
Residential Segment 3,811 170 18 170 18 $296
Res-Aggregated Segment 5,237 42 1 42 1 $275
Landfill & Brownfield Segment (≤ 5MW) 1,104 7,937 4 7,937 4 $206

Solicitation #6:

Program Segment

Available Capacity kW (dc)

Capacity Received kW (dc)

Applications Received

Capacity Accepted kW (dc)

Applications Accepted

Weighted Average SREC Floor Bid Price

Large Non-Residential Segment (> 150kW ≤ 2MW)* 22,182 5,915 8 5,281 5 $238
Small Non-Residential Segment (≤ 150kW) 7,010 950 11 950 11 $259
Residential Segment 3,182 292 29 271 26 $278
Res-Aggregated Segment 4,337 0 0 0 0 N/A
Landfill & Brownfield Segment (≤ 5MW) 1,104 0 0 0 0 N/A

Solicitation #5:

Program Segment

Available Capacity kW (dc)

Capacity Received kW (dc)

Applications Received

Capacity Accepted kW (dc)

Applications Accepted

Weighted Average SREC Floor Bid Price

Large Non-Residential Segment (> 150kW ≤ 2MW)* 18,904 797 2 797 2 $195
Small Non-Residential Segment (≤ 150kW) 6,184 53 1 53 1 $245
Residential Segment 2,488 254 22 220 18 $276
Res-Aggregated Segment 3,437 0 0 0 0 N/A
Landfill & Brownfield Segment (≤ 5MW) 1,104 0 0 0 0 N/A

Solicitation #4:

Program Segment

Available Capacity kW (dc)

Capacity Received kW (dc)

Applications Received

Capacity Accepted kW (dc)

Applications Accepted

Weighted Average SREC Floor Bid Price

Large Non-Residential Segment (> 150kW ≤ 2MW)* 13,590 881 3 592 2 $195
Small Non-Residential Segment (≤ 150kW) 5,655 400 4 347 3 $230
Residential Segment 1,850 326 29 294 26 $274
Res-Aggregated Segment 2,537 0 0 0 0 $214
Landfill & Brownfield Segment (≤ 5MW) 1,104 0 0 0 0 N/A

Solicitation #3:

Program Segment

Available Capacity kW (dc)

Capacity Received kW (dc)

Applications Received

Capacity Accepted kW (dc)

Applications Accepted

Weighted Average SREC Floor Bid Price

Large Non-Residential Segment (> 150kW ≤ 2MW)* 9,995 8,838 10 5,042 6 $209
Small Non-Residential Segment (≤ 150kW) 5,036 600 6 335 4 $256
Residential Segment 1,284 473 46 394 41 $275
Res-Aggregated Segment 1,650 14 1 14 1 $214
Landfill & Brownfield Segment (≤ 5MW) 0 0 0 0 0 N/A

Solicitation #2:

Program Segment

Available Capacity kW (dc)

Capacity Received kW (dc)

Applications Received

Capacity Accepted kW (dc)

Applications Accepted

Weighted Average SREC Floor Bid Price

Large Non-Residential Segment (> 150kW ≤ 2MW)* 10,277 6,277 10 6,277 10 $205
Small Non-Residential Segment (≤ 150kW) 3,513 0 0 0 0 N/A
Residential Segment 663 285 30 227 23 $262
Res-Aggregated Segment 800 0 0 0 0 N/A
Landfill & Brownfield Segment (≤ 5MW) 5,000 9,091 4 5,894 2 $188

Solicitation #1:

Program Segment

Available Capacity kW (dc)

Capacity Received kW (dc)

Applications Received

Capacity Accepted kW (dc)

Applications Accepted

Weighted Average SREC Floor Bid Price

Large Non-Residential Segment (> 150kW ≤ 2MW)* 12,092 8,105 12 7,880 11 $177
Small Non-Residential Segment (≤ 150kW) 2,628 438 7 429 6 $235
Residential Segment 300 157 20 136 18 $258
Res-Aggregated Segment 300 0 0 0 0 N/A
Landfill & Brownfield Segment (≤ 5MW) 5,000 9,093 4 0 0 N/A

The most recent extension of the Solar Loan Program allows PSE&G to provide financing for 97.5 megawatts-dc of solar capacity in our electric service territory. Capacity will be allocated per the below schedule subject to market demand. The residential and small non-residential segments are set-asides. Any unused capacity from the residential aggregated segment from the fourth solicitation will be added to the fifth solicitation. All other underutilized capacity may be reallocated to other oversubscribed segments for that same solicitation.

Solicitation

PSE&G Solar Program Segments

 

% of Total

 

MW

#1

#2

#3

#4 - #12

#13 - #18

Residential

10.00%

9.75

0.30

0.50

0.85

0.90

TBD

Residential - Aggregated

10.00%

9.75

0.30

0.50

0.85

0.90

TBD

Small Non-Residential (≤ 150kW)

13.48%

13.14

2.63

1.31

1.31

0.88

TBD

Large Non-Residential (> 150kW ≤ 2MW)*

61.39%

59.86

11.97

5.99

5.99

3.99

TBD

Landfill-Brownfield

5.13%

5

5

0

0

0

TBD

TOTAL

97.5

20.2

8.3

9

6.67

TBD