HIGHLAND PARK—On Monday, Aug. 3, PSE&G and GreenFaith are hosting a free seminar for PSE&G customers interested in installing residential solar systems.
The residential expo provides information about how electric customers can take advantage of PSE&G’s solar loan program, New Jersey rebates, a federal tax credit and other incentives that can greatly reduce out of pocket expenses for installed solar systems.
Speakers from New Jersey’s Clean Energy Program and PSE&G’s energy solutions staff will explain how to take advantage of solar loans and state rebates. Solar installation professionals will be available to share information about the services they provide.
“We have received hundreds of inquires from homeowners interested in participating in the residential segment of our $105 million solar loan program,” said Al Matos, PSE&G’s vice president of renewables and energy solutions. “We have held one residential expo so far and find that people are eager to ‘green’ their homes and to learn how they can utilize solar loans to make installations affordable.”
The goal of PSE&G’s solar loan program is to reduce the overall cost of project development, installation, financing and maintenance, while providing the best solar energy value for all customers. Under the program, residential electric customers in single family homes may qualify for loans to borrow 40 to 60 percent of the cost of a solar installation project, depending upon the efficiency of that system. PSE&G would provide the loans directly to customers, which may be paid off either in cash or by using solar credits that are created from the solar energy their system produces.
Solar power is a clean, renewable source of energy. By installing a solar electric system, homeowners can do their part to help the environment and fight global warming. A solar electric system may also help save on a homeowner’s electric bills.
The Aug. 3 expo will take place from 6 to 9 p.m. at the Reformed Church of Highland Park at 19 South Second Avenue. Go to www.pseg.com/solarexpo to register for the program.
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