Why did PSE&G initiate the Solar Loan Program?
New Jersey’s draft Energy Master Plan goals seek to reduce projected energy use by 20% by 2020 and meet 20% of the State’s electricity needs with Class 1 renewable energy sources by 2020. PSE&G is committed to doing our part to save energy, slow global warming, and reduce our dependence on foreign oil. Solar energy is a clean, renewable source of electricity. However, due to the high upfront cost for these systems, new financing programs are needed to help customers pay for these systems. As New Jersey’s largest utility, PSE&G is uniquely positioned to provide the capital resources needed to implement this program and support the State’s renewable energy goals.
