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N.J. utility ups solar loans to $248 million
New Jersey regulators on Tuesday approved a proposal from utility Public Service Electric and Gas to expand its solar loan program by $143 million and 51 megawatts.
The program expansion means a total of $248 million in loans, translating into an estimated 81 megawatts worth of solar systems available to interested homeowners, businesses, and municipalities across the state.
Since Public Service Electric and Gas' (PSE&G's) first loan program for installing photovoltaic panels was approved in April 2008, about $105 million in loans, totaling 30 megawatts worth of solar systems, have been applied for by its customers, according … Read more
