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Solar in NJ

Solar Energy in New Jersey

New Jersey is one of the top solar states, offering SRECs, retail-rate net metering, and a property tax exemption. The SREC market provides ongoing income from solar production.

4.2 hrs
Peak sun/day
$115
Avg monthly bill
$0.16
Per kWh
7 kW
Recommended system

Solar Savings in New Jersey

Homeowners in New Jersey with an average monthly bill of $115 could save approximately $1,035/year by going solar — that's $25,875 over 25 years.

Solar Incentives in New Jersey

SREC-II market + net metering at retail + federal tax credit (30%). Property tax exemption for solar.
30% Federal Solar Tax Credit (ITC) — dollar-for-dollar reduction in federal income tax
Net metering available — earn credits for excess solar energy sent to the grid

Solar FAQs for New Jersey