Fee Structure for Residential Solar Loans
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.