What is the Solar Loan Program for Businesses?
The Smart Way to Finance Solar
What are the benefits to going solar with PSE&G's Solar Loan Program for Businesses?
Enjoy a fast return on your investment
Going solar means you potentially save thousands of dollars per year on energy—ask your solar contractor for an estimate
Get started with minimal out-of-pocket costs
When you finance through PSE&G, you can repay your Solar Loan using Solar Renewable Energy Credits (SRECs). SRECs are credits earned from producing clean energy. In New Jersey, these credits are issued as tradable certificates.
Pay less in taxes
Your company could be eligible for a business energy investment tax credit of 30%
PSE&G guarantees a minimum value for your SRECs, so you won't need to worry about price fluctuations
Business-friendly loan terms
All Solar Loans for Businesses have a repayment period of 10 years, with a set interest rate of 11.179%