PSE&G’s Solar Loan Program lets you repay your solar panel installation loan with the energy you generate.
Going solar means you potentially save thousands of dollars per year on energy with minimal out-of-pocket costs
Financing through PSE&G, you 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.
Federal tax credit is 26% for projects that start construction in 2020 and 22% for projects that start construction in 2021. For non-residential and third party owned residential projects that start construction in 2022 and beyond the credit is reduced to 10%
Loan: All Solar Loans for Businesses have a repayment period of 10 years, with a set interest rate of 11.179% Loan funds can cover up to 70% of solar system costs
Public Service Electric and Gas (PSE&G)
See program website for expiration dates.