PSEG Long Island and NYSERDA Launch On-Bill Recovery and Smart Energy Loans

PSEG Long Island coordinated an effort with New York State Energy Research and Development Authority (NYSERDA) to launch on-bill recovery and smart energy loans. All PSEG Long Island residential customers are now able to apply for solar PV systems from local contractors through a Smart Energy Loan or On-Bill Recovery loan, which provides the convenience of repaying the loan through their PSEG Long Island bill. The program includes two, low-interest loan options through Green Jobs - Green New York (GJGNY). Both loan options are available for up to $13,000 per applicant and up to $25,000 if the project meets additional cost-effectiveness standards. Both options offer repayment periods of 5, 10 or 15 years and may be combined with the Solar Pioneer Rebate Incentive.