Fee Structure for Residential Solar Loans

Additional Costs

Learn about the fees associated with the Solar Loans Program.

Applicants and participants in the PSE&G Solar Loans Program can expect to pay the following fees:

Application Fee— $20/kW (maximum of $7,500); non-refundable upon receipt of conditional bid award.

Administration Fee— $85/kW deducted from the loan proceeds at closing.

Solar Renewal Energy Credit (SREC) Processing Fee— $120/kW deducted from the loan proceeds at closing.

Participants should select a bid price that takes this fee structure into account.

All fees will be incorporated into the loan estimator. (See link above.)

*Adjusted annually based on PSE&G program cost forecasts.