Solar Panel Cost in New Jersey
Average costs, savings estimates, and incentives for New Jersey homeowners — plus free installer quotes.
Solar in New Jersey: Overview
New Jersey homeowners who go solar can expect to pay around $27,000 for a typical 9 kW system before incentives. Note: the 30% federal residential solar tax credit expired December 31, 2025. State and local incentives may still reduce your net cost.
With average annual electricity savings of $1,800, the typical payback period in New Jersey is 10.5 years. Over 25 years, that represents a return on investment of approximately $26,100.
New Jersey's sun score of 64/100 reflects the region's solar irradiance. The state also offers TREC/SREC market, which can further reduce your upfront costs.
Solar Incentives in New Jersey
Expired December 31, 2025 — no longer available for new residential installs
State-specific program for New Jersey residents
Many states exempt solar from property tax assessments
Sell excess power back to the grid at retail rates
Frequently Asked Questions — Solar in New Jersey
How much do solar panels cost in New Jersey?
The average solar installation in New Jersey costs approximately $27,000 before incentives. Note: the 30% federal residential solar tax credit expired December 31, 2025. State and local incentives may still apply in your area. Prices vary by system size, installer, and equipment quality.
How much can I save with solar in New Jersey?
New Jersey homeowners save an average of $1,800 per year on electricity with solar. Over 25 years, that's a potential return of $26,100 after accounting for your net system cost.
What solar incentives are available in New Jersey?
New Jersey offers TREC/SREC market. Note: the federal 30% residential ITC expired December 31, 2025. Check with your utility company for additional rebates and state programs.
How long is the solar payback period in New Jersey?
Based on average costs and savings, the typical payback period in New Jersey is approximately 10.5 years. After payback, your solar panels continue generating free electricity for 15–20+ more years.
Is solar worth it in New Jersey?
With a sun score of 64/100 and average annual savings of $1,800, solar is a good investment in New Jersey. The TREC/SREC market further improves the economics.