The New Jersey Board of Public Utilities (BPU) has approved innovative solar financing programs at three of the state’s major electric utilities. JCP&L, Atlantic City Electric, and Rockland Electric enter into long-term contracts with customers for the purchase of SRECs, which facilitate long-term financing for solar projects. In addition, PSE&G currently provides loans to install solar systems on homes, businesses, and municipal buildings. The loans are repaid to the utility through revenue provided by the sale of SRECs from the financed projects. PSE&G also installs solar on its own territory, and funds larger third party solar projects. Additional solar financing programs will continue to be introduced through BPU and New Jersey’s utility companies. For the most up-to-date information on utility solar financing programs, please contact your respective utility company.

For more information about programs available from utilities, please visit the following websites to learn more:

Public Service Electric and Gas Company (PSE&G)

Jersey Central Power and Light Company (JCP&L)

Atlantic City Electric

New Jersey Natural Gas

South Jersey Gas

Rockland Electric

Elizabethtown Gas