There can be solar tax credits and incentives available at the federal, state and local levels. The calculator above will show you the value of all incentives your home is eligible for.
When you hear "New Jersey" you probably don't think of bright sunny skies. So you might be surprised to hear that New Jersey is one of the country's best places to install a solar system. The combination of high electricity rates, statewide solar incentives, the 30% federal tax credit, and an excellent net metering policy make solar a worthwhile investment for almost all homeowners.
But it doesn't stop there. New Jersey's Board of Public Utilities is creating an energy storage incentive to make installing solar batteries more affordable. Plus, the state is expanding community solar programs to make solar more accessible to low-income households. That commitment to helping folks go solar is what keeps New Jersey as one of the top states to go solar.
Learn what solar incentives are available to New Jersey homeowners
See what New Jersey solar incentives you qualify for based on your utility company and city
Find out how much these incentives and/or New Jersey solar tax credits will reduce your cost to go solar and add batteries
The federal solar investment tax credit will have the biggest impact on the cost you will face to go solar in New Jersey
If you install your photovoltaic system before the end of 2032, the federal tax credit is 30% of the cost of your solar panel system. This is 30% off the entire cost of the system including equipment, labor, and permitting.
Example: If your solar energy system costs $20,000, your federal solar tax credit would be $20,000 x 30% = $6,000.
The federal tax credit falls to 26% starting in 2033.
With net metering in some states, you get full retail rate credit for the amount of electricity you send back into the grid with your solar panels.
Net metering requires your utility to monitor how much energy your solar power system produces and how much energy you actually consume and make sure you get credit for the surplus.
New Jersey's net metering rules ensure the utility company tracks your excess power generation and credits it to your next bill at the full retail rate. If you run a surplus for an entire year, the utility will cut you a check for the excess at the company's avoided-cost (wholesale) rate. All investor-owned utilities, certain competitive municipal utilities, and electric cooperatives provide net metering.
This net metering policy greatly benefits you as a New Jersey solar owner, letting you save big on your utility bills.
New Jersey is a state that has placed strict requirements on utility companies to include renewable energy and, specifically home solar in its energy mix. The state has achieved such strong results in transitioning to clean energy through the issuance and sale of solar renewable energy certificates (SRECs). In New Jersey, they are referred to as SREC-IIs. Clean energy generators like home solar owners own these credits and can sell them to the utilities so the companies can meet their renewable energy targets.
Any solar system installed after August 28, 2021, can participate in the "Successor Solar Incentive program," or SuSI for short.
Under the SuSI program, every time a solar system produces one megawatt-hour of electricity, an SREC-II is generated. SREC-IIs are worth $90 each. The average 6 kW system would generate enough SREC-IIs to earn roughly $7,110 over the program's 15-year term.
When the property tax assessor comes knockin' at your front door, by law, they are not allowed to increase your property taxes in New Jersey because you've got a valuable new solar system on your roof. At the same time, your home WILL be worth significantly more when you sell because, hey, what home buyer doesn't like free electricity?
Also, unlike other home upgrades like new kitchen appliances or bathroom fixtures, with solar panels in NJ, you will not have to pay any sales taxes on your system. That's 7% you save upfront, even without statewide solar power rebates.
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Prices based on a 9.6kW system, after 30% federal tax credit
98 solar companies in New Jersey provide pricing on SolarReviews. Here are the best rated companies near you.
4.86 380 Reviews
Jonathan, 1 week ago
Excellent service and staff. Highly recommend. The whole process was done in a timely manner and was left cleaned.
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Jonathan, 1 week ago
Excellent service and staff. Highly recommend. The whole process was done in a timely manner and was left cleaned.
4.83 74 Reviews
Mark Lombardo, over 1 month
At the time I was slightly interested in getting solar for my home. I was contacted by Apollo Energy and a few days later Kass came out and was very friendly and knowledgeable on the product Apollo Energy Was selling. The pricing was competitive and transparent, offering good value for the money. Their customer service set the bar incredibly high, when it comes to a solar Company Apollo Energy, Mt.Laurel is undisputed the best around. The CEO Kelly Wilson, runs a very well business, would highly recommend. Mark (Bellmawr)
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Mark Lombardo, over 1 month
At the time I was slightly interested in getting solar for my home. I was contacted by Apollo Energy and a few days later Kass came out and was very friendly and knowledgeable on the product Apollo Energy Was selling. The pricing was competitive and transparent, offering good value for the money. Their customer service set the bar incredibly high, when it comes to a solar Company Apollo Energy, Mt.Laurel is undisputed the best around. The CEO Kelly Wilson, runs a very well business, would highly recommend. Mark (Bellmawr)
4.81 594 Reviews
Hsiang Wei Tsao, 2 days ago
My experience with the sales, Steven Fulginiti, was great, who answered all my questions and followed up with me on installation.
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Hsiang Wei Tsao, 2 days ago
My experience with the sales, Steven Fulginiti, was great, who answered all my questions and followed up with me on installation.
4.79 81 Reviews
Sam, over 1 month
I have been very satisfied with my experience at SAVKAT Solar. They were easy to work with, knowledgeable, and flexible. We had chosen Sunpower for our solar installation. This was in April 2024 immediately prior to their bankruptcy and restructuring. SAVKAT was assigned as our installer. We reached the point of final inspection on 16JUL24, the same day Sunpower issued a stop work on all solar installations. SAVKAT eventually finished the work without waiting for Sunpower approval to move forward allowing us to begin producing power. I credit this effort entirely to SAVKAT and the Mystic Solar company. Thanks!
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Sam, over 1 month
I have been very satisfied with my experience at SAVKAT Solar. They were easy to work with, knowledgeable, and flexible. We had chosen Sunpower for our solar installation. This was in April 2024 immediately prior to their bankruptcy and restructuring. SAVKAT was assigned as our installer. We reached the point of final inspection on 16JUL24, the same day Sunpower issued a stop work on all solar installations. SAVKAT eventually finished the work without waiting for Sunpower approval to move forward allowing us to begin producing power. I credit this effort entirely to SAVKAT and the Mystic Solar company. Thanks!
4.77 89 Reviews
Mark, over 1 month
Solar Me's installers, engineers and customer service staff were very professional, knowledgeable and courteous. Work was completed on time with no problems. System works great.
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Mark, over 1 month
Solar Me's installers, engineers and customer service staff were very professional, knowledgeable and courteous. Work was completed on time with no problems. System works great.
4.75 31 Reviews
LeoL, 1 week ago
Finally pulled the trigger for solar panels since our monthly electric bill kept increasing over the past several years. It made financial sense to go solar since our monthly bill would be fixed and would cost less than our current monthly electric bill. Greg provided me with all the information i needed to make an informed decision and answered all my questions. Evan and his team of installers were fast and accommodated my specific requests without any issues. Panels look clean along the roof and the wiring/conduits along the external wall of the house looks good and not an eye-sore. I compared this company with several local companies as well as bigger national companies and chose Coldstream overall. I would definitely consider this company.
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LeoL, 1 week ago
Finally pulled the trigger for solar panels since our monthly electric bill kept increasing over the past several years. It made financial sense to go solar since our monthly bill would be fixed and would cost less than our current monthly electric bill. Greg provided me with all the information i needed to make an informed decision and answered all my questions. Evan and his team of installers were fast and accommodated my specific requests without any issues. Panels look clean along the roof and the wiring/conduits along the external wall of the house looks good and not an eye-sore. I compared this company with several local companies as well as bigger national companies and chose Coldstream overall. I would definitely consider this company.
4.74 36 Reviews
Mark Schneider, over 1 month
I had reached to few solar company's and public service solar fit my needs the best. They were very professional and helpful for start to finish.
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Mark Schneider, over 1 month
I had reached to few solar company's and public service solar fit my needs the best. They were very professional and helpful for start to finish.
4.71 26 Reviews
cheryl, over 1 month
I spoke with Dov at Powerlutions regarding our solar contract. He was very knowledgeable, patient and extremely pleasant to work with. The installation team was very respectful and professional, it was very impressive to watch them do the job. I am looking forward to geeting good use out of our new solar panels. Thank you Dov and Powerlutions for an excellent experience.
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cheryl, over 1 month
I spoke with Dov at Powerlutions regarding our solar contract. He was very knowledgeable, patient and extremely pleasant to work with. The installation team was very respectful and professional, it was very impressive to watch them do the job. I am looking forward to geeting good use out of our new solar panels. Thank you Dov and Powerlutions for an excellent experience.
4.69 613 Reviews
Kevin E, 1 week ago
call was clear and covered all my concerns
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Kevin E, 1 week ago
call was clear and covered all my concerns
4.67 52 Reviews
Barbara, over 1 month
I wish every contractor was as efficient, knowledgable and competent as Impact Solar. Every detail from the timeliness of their initial response to the quality of the work, the price and overall convenience was perfect in every way. No complaints. Highly recommend. I needed repairs but my system is older and I know who I'll be calling when I'm ready to replace my current system. This is how it should be done, period.
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Barbara, over 1 month
I wish every contractor was as efficient, knowledgable and competent as Impact Solar. Every detail from the timeliness of their initial response to the quality of the work, the price and overall convenience was perfect in every way. No complaints. Highly recommend. I needed repairs but my system is older and I know who I'll be calling when I'm ready to replace my current system. This is how it should be done, period.
For more information about going solar near where you live, check out the following resources: