Legacy Solar Loan Participants
PLEASE NOTE: the Solar loan program has closed to new applicants. Current program is for legacy participants only.
Don't hesitate to get in touch with us if you have a question about connecting to the PSE&G electric grid.
Fill out the Online Contact Form or contact the appropriate person below.
General Solar Loan Program Questions
Additional Solar Power Resources
New Jersey Clean Energy 24-hour Hotline
Frequently Asked Questions
Please review our loan explanation document for details on how to read your Solar Loan statement.
Please review our offboarding process and next steps.
Generally, if you decide to sell your house and your solar loan is still outstanding, you will have two options under your loan agreement:
Option 1 - Pay off the solar loan in its entirety prior to closing. There are no early payoff fees or penalties.
Option 2 - The buyer of your home can elect to submit a loan assignment application to assume the solar loan. Please note that your loan must be in good standing to use this option. Fees apply.
If approved, the buyer of your home then becomes responsible for maintaining the solar system and for making cash payments that may be due during the annual reconciliation period.
In order for the application review to commence, PSE&G must receive the completed application, application fees, and required documents at least 20 business days before the closing.
You can pay off your loan in its entirety at any time. There are no early pay-off fees or penalties.
If you pay off your loan, PSE&G will no longer purchase the Solar Renewable Energy Credits (SRECs) created by your solar system. This means that PSE&G will no longer read your inverter meter or report your solar generation data to PJM Generation Attribute Tracking System (GATS), the energy-generating tracking system that records SREC info.
In order to continue obtaining SRECs for your system, you should create a new account with PJM GATS. You can find out more about the process of establishing your account and obtaining SRECs by going to PJM's Website.
p>You will need to make a cash payment to bring your loan in good standing before PSE&G will proceed with the assignment process.
If your balance is behind, please contact Greg Pizarek at (973)-430-8215 .
No. When a solar loan is transferred to the buyer of your house, the terms of the loan (i.e., interest rate, term, SREC price, etc.) remain the same.
Please note that participants under Solar Loan Program I and II, however, will no longer have obligations related to the call option in their loan agreement.
Your solar loan is secured principally by the solar equipment and SRECs produced by the solar equipment. PSE&G does not have a security interest in the residence. PSE&G views the solar panels and related equipment as personal property and NOT fixtures.
If your new lender determines that a subordination agreement is necessary, please contact Jacob Skaist with the Solar Loan Team at (973) 430-3703 to receive a copy of our standard subordination agreement for your lender’s review and signature.
Borrowers should provide PSE&G with a certificate of insurance annually as proof that adequate coverage is in place. PSE&G should also be notified if insurance coverage is canceled or changed in any material way.
Certificates of insurance can be forwarded to:
PSE&G Solar Loan Program
ATTN: Linda Walker
80 Park Plaza, T-8
Newark, NJ 07102
If your loan has been assigned and you are not the original borrower, please send your certificate of insurance to the attention of Aracelis Ayala at the above address.
If you suspect that your system is underperforming, please consult with your solar developer or contact a qualified solar professional.
If you fall behind on repayment of your loan due to inadequate energy output from your system, PSE&G will require that you make cash payments to true-up the shortfall. This true-up will be performed annually to ensure that your account is current.
Please see our loan agreement for further details.
Solar energy systems covert sunlight directly into direct current (DC) power through an array of solar cell modules mounted on your roof. An inverter converts this DC power into alternating current (AC) power that can be used in your house.
Your solar energy system will be interconnected with PSE&G’s distribution system. If your system produces more electricity than your home is using, PSE&G will credit your utility account for the excess power being returned to the distribution system. This is called net metering.
PSE&G will continue to provide power as usual at night and during the day when your electricity demand exceeds that which is produced by your system
Solar photovoltaic panels work best when mounted on an unobstructed roof with limited shading at an angle that captures the most possible sunlight.
Yes. Solar energy systems are designed to be compatible with utility power.
In most cases, your system will automatically shut down in the event of an outage to protect utility workers as they restore power. However, some system designs include isolation circuitry that allows continued operation. We recommend that you discuss with your solar contractor.
Sunlight must be present for solar modules to produce power, so you will still need to draw power from your utility at night. Under an overcast sky, solar panels typically only produce a nominal amount of electricity
The average size of a residential solar energy system in New Jersey is approximately eight kilowatts (kW).
However, the size of your system is limited to your home’s annual electricity needs. Your solar contractor should be able to provide you with further guidance. The amount of money you will save on your energy bill depends on many factors, such as the efficiency of your solar energy system. Your solar contractor can review the specific details with you.
No. You must hire a solar contractor. PSE&G recommends that you request proposals from a minimum of three contractors before proceeding.
See a list of solar contractors we have worked with in the past.* Go Now
*We do not endorse any specific contractors.
A standard electric meter does not register the flow of electricity in two directions.
The meter has two registers which share the same display, so it is always cycling back and forth between the two. The Identifiers for the 2 registers are the numbers “100” and “101”. It will cycle between the number “100” with a 5 digit number associated and “101” with a 5 digit number associated. The 5 digit numbers are the readings and we need both. The “100” register equates to the usage “In” and the “101” register equates to “Out”. Readings can be forwarded to SolarBilling@pseg.com.
For additional information, view How to Read Your Net Meter.
Your account will be removed from the Equal Payment Plan and you’ll receive monthly bills based on your net consumption.
When you have solar power you’re still connected to the electric system, which serves as a 24/7 backup to your PV system. Every month, you’ll receive some power from the electric system, like at night. Your bill will include the credits you received for the excess power and a daily service charge that covers your connection to the electric system.
Each Time-of-Use period has its own Energy Credit Bank. Excess generation during a "Peak" period is credited to the "Peak" period energy bank, and can only offset future "Peak" period usage. Similar energy banks are created for other periods. “Peak” and “Off Peak” energy banks cannot be combined.
“In” is the electric drawn from PSEG when the Solar Panels are not providing enough electric to meet household needs. “Out” is when the Solar Panels’ production exceeds household needs and the customer exports the excess to PSEG. “Out” gets credited against “In” & customer is billed the difference. If the difference is negative, that is in the customer’s favor and that excess gets banked against the account to be used in later months. There is a once-yearly reckoning of this bank called the Anniversary True-up.
PSEG is only recording the customer’s unused excess of the Solar Panel’s electricity. The difference in the production versus the “Out” is what the customer uses of the Panel’s electricity.
At its most basic, any bill from PSEG is for what electric isn’t covered by the Solar Panel’s Production. The higher the bill, the more electric the customer requires from PSEG.