Solar Panels in New Jersey
#5 in the Nation for Total Solar Generation
$1,600/yr
Avg. Annual Savings
4.8 peak hrs/day
Peak Sun Hours
5–8 years
Payback Period
$14,000–$22,000
Avg. System Cost
Overview
Is Solar Worth It in New Jersey?
New Jersey still has some of the best incentives on solar power equipment of any U.S. state — but it won't be forever. The state's SREC (Solar Renewable Energy Certificate) program has historically been one of the most lucrative in the country, and New Jersey consistently ranks in the top 5 states for total solar generation despite its relatively small size.
If you're a New Jersey homeowner considering solar, the combination of high electricity rates, strong incentives, and the federal tax credit makes now an excellent time to act.
Benefits
Why Go Solar in New Jersey
Reduce Your Electric Bill
New Jersey homeowners save an average of $1,600/yr after going solar.
Federal 30% Tax Credit
Deduct 30% of your total system cost from your federal income taxes.
Increase Home Value
Solar panels increase your home's resale value — and are excluded from property tax in most states.
Energy Independence
Lock in your electricity rate and protect against rising utility costs for 25+ years.
Available Incentives
New Jersey Solar Incentives & Tax Credits
SREC-II / SuSI Program
State ProgramNew Jersey's Solar Successor Incentive (SuSI) program pays you for every megawatt-hour of solar energy your system produces, providing ongoing income for 15 years.
Net Metering
Net MeteringNJ utilities offer net metering, crediting you at the full retail rate for excess solar energy sent to the grid.
Sales Tax Exemption
Tax ExemptionNew Jersey exempts solar energy equipment from the state's 6.625% sales tax.
Federal Investment Tax Credit (ITC)
Tax CreditThe federal 30% ITC applies to all New Jersey homeowners who purchase their solar system.
Common Questions
New Jersey Solar FAQ
Ready to go solar in New Jersey?
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