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
96 solar companies in New Jersey provide pricing on SolarReviews. Here are the best rated companies near you.
Mayur, 1 week ago
Over all satisfied
4.84 214 Reviews
mcpja01, over 1 month
I just received my first electric bill after 1 full month on the solar system designed and installed by Harvest Power Solar. My total kwh billed was 0, and this is in a month when the sun is low in the sky. The total experience was a pleasure, Mark Lieberman, and the staff at Harvest Power were professional, attentive, and very helpful. Mark designed a system that uses all the best components and technology to meet my families current and future electrical needs at a cost that was lower then my average monthly electric bill (with current incentives). Harvest Power also took care of all the paper work, and the installers were polite, and neat, they actually asked me how I would prefer the wiring to be run, and if I was OK with the location selected for the controller. I can't express how satisfied I am with the company and work done by Harvest Power. So glad I chose to go with a local company instead of a national conglomerate. 5 stars all day, all categories. Highly recommend, what a gr8 experience. Jim
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mcpja01, over 1 month
I just received my first electric bill after 1 full month on the solar system designed and installed by Harvest Power Solar. My total kwh billed was 0, and this is in a month when the sun is low in the sky. The total experience was a pleasure, Mark Lieberman, and the staff at Harvest Power were professional, attentive, and very helpful. Mark designed a system that uses all the best components and technology to meet my families current and future electrical needs at a cost that was lower then my average monthly electric bill (with current incentives). Harvest Power also took care of all the paper work, and the installers were polite, and neat, they actually asked me how I would prefer the wiring to be run, and if I was OK with the location selected for the controller. I can't express how satisfied I am with the company and work done by Harvest Power. So glad I chose to go with a local company instead of a national conglomerate. 5 stars all day, all categories. Highly recommend, what a gr8 experience. Jim
4.81 290 Reviews
Sandra H, 6 days ago
Green Power Energy installed a 12.4kW system with battery backup for us in October 2022. I waited for a bit to leave a review just to have some time with the system. Prior to signing with GPE, I had looked at solar on and off for 15 years. In 2022, we decided it was time and the search for 'the' company for our install began. GPE was not the least expensive, nor was it the most expensive, quote that I received. What pushed us towards GPE was their reviews, but also their way of doing business. To get information on exactly what we needed for our roof, they didn't need a deposit (that may change with time), they did not run a credit check, they only required permission to access my home and roof. When we committed to GPE, we didn't sign first and hope for the best, we knew exactly what they were promising to install. Their payment terms throughout the whole process were extremely fair to us and to them. Signing for solar, especially when a battery is involved, is much of a 'hurry up and wait' process. From signing to install date was about 6 months but was slowed down by things within CT's new programs that were out of GPE's control, as well as by changes we made to install the max number of panels. My salesman, Peter Dunne, was honest, open, responded within hours of any inquiry I made and over the course of our project, I asked a ton of questions. Taylor, who was my point of contact during the waiting period for plans, permits, approvals, kept us very well informed and again, responded promptly to any inquiry. When I had some questions and concerns on what was being installed once our engineering plans were received, Eric Dornfeld contacted me directly and explained why they were doing the install their way and how it would benefit me over what I was interested. He was right, I was wrong - he took the time to explain. Ben, my electrician, was fantastic - he took time to explain things he was doing and cleaned up every day before he left (battery installs take longer than a solar only install). Our town inspector, who also had done electrical work, was impressed by his work. Every crew that GPE sent to my home was respectful, kind, personable, efficient and cleaned up our property before they left like treating our home just as they would their own. We've had our solar for 5 months now. We have had 3 minor electrical outages which have ranged from minutes to many hours. Our system has run better than we could have expected; the switch from grid to battery backup in outages has been so seamless, we didn't realize it the first time. Green Power Energy was well worth our long wait in delving into the world of solar.
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Sandra H, 6 days ago
Green Power Energy installed a 12.4kW system with battery backup for us in October 2022. I waited for a bit to leave a review just to have some time with the system. Prior to signing with GPE, I had looked at solar on and off for 15 years. In 2022, we decided it was time and the search for 'the' company for our install began. GPE was not the least expensive, nor was it the most expensive, quote that I received. What pushed us towards GPE was their reviews, but also their way of doing business. To get information on exactly what we needed for our roof, they didn't need a deposit (that may change with time), they did not run a credit check, they only required permission to access my home and roof. When we committed to GPE, we didn't sign first and hope for the best, we knew exactly what they were promising to install. Their payment terms throughout the whole process were extremely fair to us and to them. Signing for solar, especially when a battery is involved, is much of a 'hurry up and wait' process. From signing to install date was about 6 months but was slowed down by things within CT's new programs that were out of GPE's control, as well as by changes we made to install the max number of panels. My salesman, Peter Dunne, was honest, open, responded within hours of any inquiry I made and over the course of our project, I asked a ton of questions. Taylor, who was my point of contact during the waiting period for plans, permits, approvals, kept us very well informed and again, responded promptly to any inquiry. When I had some questions and concerns on what was being installed once our engineering plans were received, Eric Dornfeld contacted me directly and explained why they were doing the install their way and how it would benefit me over what I was interested. He was right, I was wrong - he took the time to explain. Ben, my electrician, was fantastic - he took time to explain things he was doing and cleaned up every day before he left (battery installs take longer than a solar only install). Our town inspector, who also had done electrical work, was impressed by his work. Every crew that GPE sent to my home was respectful, kind, personable, efficient and cleaned up our property before they left like treating our home just as they would their own. We've had our solar for 5 months now. We have had 3 minor electrical outages which have ranged from minutes to many hours. Our system has run better than we could have expected; the switch from grid to battery backup in outages has been so seamless, we didn't realize it the first time. Green Power Energy was well worth our long wait in delving into the world of solar.
4.81 34 Reviews
A.Smith, 2 weeks ago
Sam Townsend was my solar representative. He was extremely knowledgeable about the solar industry, including keeping informed about what was happening with the current legislature. He was professional and ensured the installation was done, following up each day to ensure I was treated well by contractors and that I was satisfied with the work being done.
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A.Smith, 2 weeks ago
Sam Townsend was my solar representative. He was extremely knowledgeable about the solar industry, including keeping informed about what was happening with the current legislature. He was professional and ensured the installation was done, following up each day to ensure I was treated well by contractors and that I was satisfied with the work being done.
4.81 88 Reviews
Irina Lysenko, over 1 month
We installed solar panels in December of 2021. I decided to give time to the system to work to have a real valuable review. At this point I can sincerely tell that the company we used Solar ME did a great job.We don't have an easy simple situation. We have a lot of huge oak trees around the house and we did not want to cut them. Also our roof has a lot of different sections with different steep angles. So the trick was to find different parts of the roof which would be the most exposed to the sun and the house would still have a nice appearance. But we tried with Brian few different layouts until we came out with the most optimal version.All documentation approval and installation went very smoothly and fast. Jennifer was on the top of everything and coordinated communications with township and state certification.We paid upfront for our system and we are getting back payments from the state incentive program.The System works without any issues and we already produced in 2022 in 10 month 88% of our total yearly production. Our monthly bills are around $3, charged only for account maintenance.I Highly recommend Solar ME!
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Irina Lysenko, over 1 month
We installed solar panels in December of 2021. I decided to give time to the system to work to have a real valuable review. At this point I can sincerely tell that the company we used Solar ME did a great job.We don't have an easy simple situation. We have a lot of huge oak trees around the house and we did not want to cut them. Also our roof has a lot of different sections with different steep angles. So the trick was to find different parts of the roof which would be the most exposed to the sun and the house would still have a nice appearance. But we tried with Brian few different layouts until we came out with the most optimal version.All documentation approval and installation went very smoothly and fast. Jennifer was on the top of everything and coordinated communications with township and state certification.We paid upfront for our system and we are getting back payments from the state incentive program.The System works without any issues and we already produced in 2022 in 10 month 88% of our total yearly production. Our monthly bills are around $3, charged only for account maintenance.I Highly recommend Solar ME!
4.78 49 Reviews
Bryan, over 1 month
Impact Solar recently finished a solar array installation for my home. I highly recommend them. The whole process was seamless from initial quote to finished install. Jeff, Rob, and Sam were all communicative and professional. Prices are very reasonable and they do not utilize pushy sales tactics that I witnessed with some other solar companies. They did an awesome job with the installation and made sure that the wires were run cleanly with minimal impact to the façade of the house. Definitely give them a call!
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Bryan, over 1 month
Impact Solar recently finished a solar array installation for my home. I highly recommend them. The whole process was seamless from initial quote to finished install. Jeff, Rob, and Sam were all communicative and professional. Prices are very reasonable and they do not utilize pushy sales tactics that I witnessed with some other solar companies. They did an awesome job with the installation and made sure that the wires were run cleanly with minimal impact to the façade of the house. Definitely give them a call!
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.
4.66 38 Reviews
Calvin Clements, over 1 month
Excellent installation and had a problem with inverter one year later and 100% prompt replacement and stood behind warranty.
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Calvin Clements, over 1 month
Excellent installation and had a problem with inverter one year later and 100% prompt replacement and stood behind warranty.
4.61 41 Reviews
Sharon Masse, over 1 month
The Savkat team were amazing to work with! Jordan Bernstein was our representative and was very knowledgeable regarding the product, timeline for the project and even after installation, is still a solid contact for any questions we might have.
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Sharon Masse, over 1 month
The Savkat team were amazing to work with! Jordan Bernstein was our representative and was very knowledgeable regarding the product, timeline for the project and even after installation, is still a solid contact for any questions we might have.
4.61 14 Reviews
Anonymous, over 1 month
The crew at Ace Solar worked to explain everything about solar panels. Installation was delayed by having to get permits from the town but once that was done everything was installed in one day. We have had them for 2 years now and are very happy.
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Anonymous, over 1 month
The crew at Ace Solar worked to explain everything about solar panels. Installation was delayed by having to get permits from the town but once that was done everything was installed in one day. We have had them for 2 years now and are very happy.
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