PSE&G
PSE&G's Solar Loan I
In April 2008, the BPU authorized Public Service Electric and Gas (PSE&G) to launch a program that will provide about $100 million in loans to install solar systems on homes, businesses and municipal buildings. The loans will be repaid to the utility through revenue provided by the sale of Solar Renewable Energy Credits (SRECs) from the financed projects.
PSE&G's Solar Loan I program is implemented across all customer classes within PSE&G's electric service territory, with segments for residential, multifamily/ affordable housing, municipal/ not-for-profit, and commercial/ industrial (C&I) customers. The borrowers will repay the loans with SREC or cash. For the purpose of this program, the SRECs have an established floor value per SREC during the loan repayment period. The value will not drop below the floor value, but could be higher if the SREC market price goes above the floor price. The borrower will repay the loan over a 15 year period. For consumer loans the repayment period will be 10 years. Please see the PSE&G Solar web site or contact PSEG for more information.
Supporting Documents
- PSEG SPRC 2017 Filing 06.30.17
- PSEG Filing to Recover Costs in Solar Loan I 07.01.16
- Order Approving Stipulation SPRC 2015 01.27.16
- GPRC Compliance Filing and Tariff Sheets 05.19.15
- SPRC Compliance Filing and Tariff Sheets 05.19.15
- IMO Petition for Changes to the SPRC 05.19.15
- IMO Petition for Changes to the GPRC 05.19.15
- Public Hearing Notice 07.07.14
- PSEG SPRC 2014 Filing 06.30.14
- PSEG SPRC 2014 Filing WPJEMSL1
- PSEG SPRC 2014 Filing WPSSSL1
- PSEG SPRC 2014 Filing WPSSSL2
- Green Program Filing 06.30.14
- Green Program Filing 06.28.13
- Petition for Approval of Changes to Solar Loan I 06.28.13
- Solar Loan I Semi-Annual Filing 02.05.13
- Solar Pilot Recovery Charge (SPRC) Compliance Filing 07.20.12
- Solar Pilot Recovery Charge (SPRC) Decision and Order 07.18.12
- Solar Pilot Recovery Charge (SPRC) - Settlement 07.06.12
- Solar Pilot Recovery Charge (SPREC) - Filing 07.02.12
- Modification of Program Rules- SREC Sales and Forbearance Agreements
PSE&G's Solar Loan II
In November 2009, NJBPU extended PSE&G's solar financing program to Solar Loan II. Modeled after Solar Loan I, Solar Loan II will help financing an additional 30 MW of new solar capacity. Loan applications will be accepted on a quarterly basis, with eight application periods over a two year period.
Supporting Documents
- Quarterly Report 2Q 2022
- Quarterly Report 1Q 2022
- Quarterly Report 4Q 2021
- Quarterly Report 3Q 2021
- Quarterly Report 2Q 2021
- Quarterly Report 1Q 2021
- Quarterly Report 4Q 2020
- Quarterly Report 3Q 2020
- Quarterly Report 2Q 2020
- Quarterly Report 1Q 2020
- Quarterly Report 4Q 2019
- Quarterly Report 3Q 2019
- Quarterly Report 2Q 2019
- Quarterly Report 1Q 2019
- Quarterly Report 4Q 2018
- Quarterly Report 4Q 2017
- Quarterly Report 4Q 2016
- Quarterly Report 4Q 2015
- Quarterly Report 4Q 2014
- Quarterly Report 3Q 2013
- Quarterly Report 4Q 2012
- Notice 07.26.11
- Petition for Solar Loan II
- Petition for Solar Loan II – Supplemental Filing
- Board Order approving PSEG for Solar Loan II
- Board Order approving Changes to PSEG Solar Loan II
PSEG's Solar Loan III
PSEG commercial and residential electric customers are eligible to apply. Interested parties should contact PSEG and/or consult the solicitation schedule and program capacity being made available.
- PSE&G SLIII Program Rules Update 08.31.17
- Compliance Filing 07.01.13
- Board Staff Motion Opposing Reconsideration 06.24.13
- SEIA Motion for Reconsideration 06.14.13
- Order Approving Settlement Stipulation 05.29.13
- Settlement Stipulation 04.26.13
- Order Extending the 180-Day Review Period 04.26.13
- Order Adopting the Stipulation Setting the Record for Solar Loan III 04.01.13
- Order Extending the 180-Day Review Period 03.20.13
- Order Amending Schedule 02.21.13
- Order Extending the 180-Day Review Period 01.23.13
- Order Changing Procedural Schedule 01.04.13
- Administrative Determination Letters 08.31.12
- Solar Loan III Filing 07.31.12
- Closed and Committed Loan Report 07.27.12
Notice of Intent to Participate in an Extended EDC SREC Program
PSE&G's Solar 4 All
In July 2009, PSE&G received approval for their Solar 4 All program. Under Solar 4 All, PSEG&G will invest $515 million in 80 MW of solar projects by the end of 2013. The program has two segments, each 40 MW in size.
The first segment consists of installing a solar unit (small distributed solar system of approximately 200 watts) on 200,000 utility poles in PSE&G's service territory. The solar units will be connected directly into PSE&G's electric distribution grid. The contract for the supply of the 200,000 pole-attached units has been awarded to New Jersey-based Petra Solar. With headquarters in South Plainfield, Petra Solar has committed to making the solar units in New Jersey and expects to hire more than 100 employees to meet the needs of the contract.
The second segment will focus on centralized solar, with PSE&G developing solar gardens and roof-top installations on facilities it owns and also at third-party sites. The largest will be development of 25 MW of solar gardens or rooftop installations at PSE&G owned sites. PSE&G will work with solar developers to install 10 MW of solar on third-party sites and 5 MW in municipalities that have New Jersey Urban Enterprise Zone (UEZs) within PSE&G's electric service area.
In July 2012, PSEG filed a petition with the Board for cost recovery on an Extension of their Solar 4 All Program pursuant to Section 98.1. The petition was found administratively complete with a PSEG supplemental filing made on September 12, 2012.
Solar 4 All Monthly Reports
Please select year:
Solar for All Supporting Documents
PSE&G's Solar 4 All Extension II
- PSE&G GPRC 2017 - Filing 06.30.17
- Solar for All Extension II Sales and Use Tax Compliance Filing 12.13.16
- Solar for All Extension II Order Approving Settlement Stipulation 11.30.16
- PSE&G GPRC 2016 - Compliance Filing 09.17.16
- PSE&G GPRC 2016 - Order Implementing Provisional Rates 09.23.16
- S4AEII Order Granting Extension of 180-day Period and Modified Schedule 09.23.16
- Solar for All Extension II - Prehearing Order 07.19.16
- Order Designating Commissioner IMO Solar for All Ext. 06.29.16 8D
- PS Response to NJLEUC 06.06.16
- NJLEUC Motion to Intervene 05.26.16
- Solar for All Extension II Filing 05.10.16
PSE&G's Solar 4 All Extension
- Compliance Filing 07.01.13
- Green Program Filing 06.28.13
- Order Approving the Solar for All Extension Settlement Stipulation 05.29.13
- Settlement Stipulation 04.26.13
- Order Extending the 180-Day Review Period 04.26.13
- Order Extending the 180-Day Review Period 03.20.13
- Order Adopting Stipulation GPRC 2015 01.27.16
- Order Amending Schedule 02.21.13
- Order Extending the 180-Day Review Period 01.23.13
- Order Modifying the Procedural Schedule 01.15.13
- Stipulation for Extension 01.10.13
- Motion to Intervene and Participate 01.09.13
- Extension Procedural Schedule 11.19.12
- Order on Interventions IMO PSEG Docket E01208721
- E01208721 Administrative Completeness Letter to Weissman
- Response to Deficiency Letter
- Solar for All Extension Filing 07.31.12
PSE&G's Solar 4 All
- Board Order Approving RGGI Recovery Charges for Several PSEG Programs
- Segment 2 Neighborhood Solar Pole Attached Installations - 12-2010
- Petition for Solar 4 All
- Board Order approving Solar 4 All Stipulation