The PSE&G Solar Loan team recently hosted a seminar at the New Jersey Economic Development Authority’s Waterfront Technology Center in Camden. The free, half-day event was designed to raise the visibility of the Solar Loan Program among developers and provide a valuable networking and learning opportunity while also strengthening PSE&G’s ties to the state’s solar industry.
Jersey Board of Public Utilities Commissioner Joseph Fiordaliso’s observations on the New Jersey solar market, which was followed by a panel discussion on energy storage and resiliency. The panel featured three notable experts in the field: Mitch Carpen, Executive Director, NJ Energy Resilience Bank; Eric Hsia, Manager – Performance Compliance, PJM and B. Scott Hunter, Renewable Energy Program Administrator, New Jersey Board of Public Utilities’ Office of Clean Energy.
“From the start of our solar programs back in 2009, a main goal of our efforts has been to work cooperatively with the New Jersey solar sector to help strengthen the industry in the state,” said Todd Hranicka, director-solar energy, PSE&G. “By sponsoring events like this, we get a great opportunity to promote the Solar Loan Program directly to developers while also sharing knowledge and fostering networking in the solar sector.”
This is the third event of its kind that the PSE&G Solar Loan program has sponsored. The Solar Loan Program helps qualified business and residential customers in PSE&G’s electric service territory go solar by financing a portion of the total cost of their solar system. The loan can be re-paid with cash or by using Solar Renewable Energy Certificates (SRECs) with a minimum floor price for each credit guaranteed by PSE&G.
As of early 2015, the PSE&G Solar Loan Program had closed more than 1,000 loans that helped finance almost 85 megawatts-dc of solar construction.Related Articles: