Financing Your Solar Installation with PSE&G
The Smart Way to Finance Solar
PSE&G's Solar Loan Program lets you repay your solar installation loan with the energy you generate.
What are the benefits of financing your residential solar energy system with PSE&G's Solar Loan Program?
Frequently Asked Questions
The PSE&G loan may cover approximately 30-50% of the cost of your solar energy system. The loan amount depends on the expected amount of energy that your system will produce, as well as your SREC floor bid price.
PSE&G will close the loan and disburse the proceeds after your solar energy system is installed and inspected.
Your contractor will use a software program to estimate the number of SRECs that will be generated over the life of your loan. Using this estimate, PSE&G will determine your loan repayment schedule, taking into account your SREC floor price bid.
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. See our loan agreement for further details.