Home Solar in New Jersey:

Local installers, tax credits, and rebates.

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New Jersey residents who experienced power outages in a span of ten years¹


Prices have fallen 54% over the last 10 years²


Average yearly savings for homeowner's who switch to solar³

New Jersey Solar

New Jersey is a small but populous state in the United States and boasts over 126,000 solar system installations. New Jersey has a variety of climates and topography, and it experiences the four seasons. It is home to the cities of Newark and Trenton, and also comprises part of the New York City metropolitan area, where the majority of the population is centered, and Annapolis. New Jersey state government policies favor solar tax incentives. Its encouraging net metering program, good tax incentives, and strong Transition Renewable Energy Certificate (TREC) program make New Jersey a favorable place for businesses and residents to install solar panels and battery systems.

Let’s learn about some of those incentives, the utility policies associated with interconnection and setup, and special solar financing plans for solar panels and battery systems in New Jersey.

Top 3 Installers in New Jersey

Sunnova SolarTitan Solar PowerSuntuity Solar
Known forIncredible installation and battery warrantiesGreat installation pricing and warrantiesThorough offerings with many years of experience
Purchase OptionsLease, PPA, Loan, CashLease, PPA, Loan, CashLease, PPA, Loan, Cash
Workmanship Warranty25 Years25 Years10 Years
Equipment Warranty25 Years25 Years25 Years

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Sunnova Solar Power


Your Installer is Sunnova Solar Power.

Why EnergyPal Recommends:

  1. Production guarantee on all financing (loan/lease/PPA).
  2. Incredible 25-year solar installation and battery warranties.
  3. Access to many great local installers within the network.

Installer Strengths:

  • Multi-billion dollar public company on the NYSE [NOVA].
  • Most consumer-friendly power purchasing agreements.
  • All-inclusive 25-year Protect Plan provides extra coverage.
  • Extended 25-year battery warranty best in the industry.


  • Strictest underwriting guidelines disqualify many applicants.
  • Project communication can sometimes be confusing, but installation process and warranties are top-notch.


4.2 ★ ★ ★ ★ ★


20 Greenway Plaza, Houston TX, 77046

Service Area:


Titan Solar Power


Your Installer is Titan Solar Power.

Why EnergyPal Recommends:

  1. No frills approach results in great installation pricing.
  2. Access to many top financing options.
  3. Excellent warranties.

Installer Strengths:

  • 25 Year workmanship and roof penetration warranties.
  • Grew from an electrical contractor with 35 years of history.
  • Great low pricing due to large scale (1000+ installs/month).


  • Large installation territory can result in slower communications and issue resolution.


4.1 ★ ★ ★ ★ ★


525 West Baseline Road, Mesa AZ, 85210

Service Area:


Suntuity Solar


Your Installer is Suntuity Solar.

Why EnergyPal Recommends:

  1. Many years of experience.
  2. Comprehensive service offerings.
  3. Many financing options through Energypal.

Installer Strengths:

  • Offers a 10-year workmanship and a separate 10-year roofing warranty.
  • Very good installation pricing and access to quality panels.
  • Has been in operation since 2008.


  • Installation timelines can be slower.


3.8 ★ ★ ★ ★ ★


2137 Nj-35, Holmdel, New Jersey, 07733, United States

Service Area:


Incentive Programs, Tax Credits, and

Solar Rebates in New Jersey

Federal ITC - 30%Solar PV systems installed in 2022 - 2032 are eligible for a 30% tax credit. The credit can only be claimed by on the original installation of the solar equipment located at a residence of yours. You must also purchase it using cash or financing, but you're not leasing the system or paying a solar company for the electricity produced by the system.
Instant Rebate from EnergyPalEnergyPal secures group discounts by leveraging the depth of our network. We pass these savings onto homeowners every day!
SuSI SRECOn Wednesday, July 28th, the New Jersey Board of Public Utilities (BPU) unanimously approved the highly anticipated Successor Solar Incentive Program. The SuSI Program will support the development of 3,750 megawatts (MW) of new solar generation by 2026, effectively doubling the state's current solar capacity and driving solar to become approximately 10 percent of the state's total electricity supply. Payments are quarterly.
SuSI SREC 85On Wednesday, July 28th, the New Jersey Board of Public Utilities (BPU) unanimously approved the highly anticipated Successor Solar Incentive Program. The SuSI Program will support the development of 3,750 megawatts (MW) of new solar generation by 2026, effectively doubling the state's current solar capacity and driving solar to become approximately 10 percent of the state's total electricity supply. The NJ SREC Program has announced that starting Monday, March 13 the SREC II, Successor Solar Incentives (SuSI) Program will go from $90 to $85. Payments are quarterly.
TRECThe value of a Transition Renewable Energy Certificate (TREC) by multiplying the base compensation rate ($152/MWh) by the project’s assigned factor.

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New Jersey provides multiple solar energy rebates and incentives that help to reduce the overall cost of solar systems. Our EnergyPal Advisors can help you navigate all of the solar incentives available in New Jersey and also apply them to the available solar panel offerings.

In summary: 

  • New Jersey has Transition Renewable Energy Certificates (TRECs) that vary in value depending on the type of solar installation.
  • No sales tax on solar panels, systems and related equipment
  • No property tax on any increase in property value from installing solar

New Jersey Rebates and Tax Breaks

Here are more details about the incentives available in New Jersey:

  • New Jersey grants Transition Renewable Energy Certificates (TRECs) to those who purchase solar systems. You receive 0.6 to 1 TREC for every mWh your panels are expected to produce per year. Residential ground- or roof-mounted solar systems get 0.6 TRECs, while community solar projects get 0.85 TRECs. Each TREC is valued at $152 every year, for 15 years.

For example, let’s say you need a 10 kW system and it’s expected to produce 13,000 kWh (13 mWh) per year. You get 13 X 0.6 SRECs, or 7.8 SRECs. Your savings for the year would look like this:

7.8 X $152 = $1,185.60 savings

Assuming a similar value every year and a solar system life of 15 years, this program almost pays for the value of the entire system! Plus you get reduced electricity bills.

  • The photovoltaic energy sales tax exemption is a tax break where you don’t pay any sales tax on solar panels, systems or related equipment in New Jersey. 
  • The Property Tax Exemption for Renewable Energy Systems is a tax break where you won’t pay additional property taxes if your property value increases when you add a solar system (and with solar, your property value does go up!).

Other Solar Energy Incentives

The US federal government helps residents and businesses pay for their solar systems. The federal investment tax credit (ITC) allows for a tax deduction of 30% of the cost of a solar system currently. Tax credits can be rolled over if you can’t use the whole credit this year. The ITC cannot be claimed for solar leases or power purchase agreements (PPAs) where the third party financier takes the credits themselves, but that is typically baked into a reduced lease/PPA monthly for you.

If you purchased a $20,000 system, your savings from the federal tax credit would look like this:

$20,000 X 0.30 = $6,000 savings

So if you spent $20,000 on that system, your cost would go down to $14,000. And you get yearly TRECs that can pay for the system over time.

Utility Policies

Utility policy factors determine what your utility provider pays you for the excess power you produce and what you save on your power bill by reducing electricity usage. New Jersey gets a high score for utility policies.

Net Metering and Interconnection Policy

One important policy for solar customers is called Net Metering. Net Metering is a billing mechanism that allows solar customers to push electricity to the grid for credit that can be used later, like at night when your solar panels aren’t generating power. This incentivizes people to go solar, provides clean energy for others to use and prevents waste. Some states have poorer net metering policies than others, meaning that credits may not be able to be rolled over to the next month or year, or that you don’t earn full watt-for-watt credit for your excess energy.

New Jersey’s Net Metering program is favorable. You are paid the full retail amount for your excess energy in the form of a bill credit. Credits can be carried over into the next month but expire at the end of every year, when you are paid at the average wholesale rate. The exact details depend on your electricity provider’s policies.

Solar Setup Fees

In New Jersey, there are no application fees for systems less than 10 kW. Systems over 10 kW carry a $50 application fee, plus a $1 per kW charge.

Electricity Prices

Electricity prices in New Jersey are above average. Usually you don’t want high prices, but with solar, the higher the prices, the more you save, and the more economical a solar system becomes.

According to the US Energy Information Administration, the average total cost of electricity in New Jersey is $0.157 per kWh for residents. The national average for all states is $0.134 per kWh, ranging from $0.967 to $0.288 per kWh.

Rate Design

Rate designs are comprised of monthly fees and either a flat or tiered rate you pay for electricity. Good rate designs, which save you money when you conserve energy, are tiered and have low fixed monthly fees. Poor rate designs have flat rates and high fixed monthly fees.

New Jersey is above average when it comes to the quality of its electricity bill rate design. It has some tiered rate programs and low fixed fees (around $3–$9 per month).

You still pay fixed monthly fees when you go solar because you are still tied to the grid. Being tied to the grid is a good thing, because otherwise you might not have power at night or if your system stopped working suddenly. Even if you go off of the grid and rely on a battery source, the high cost of the battery would not outweigh the low monthly fee and the substantial savings obtained from a net metering program.

PACE Programs

PACE stands for Property Assessed Clean Energy and is a financing program for solar projects that is tied to the home instead of the homeowner. The PACE program is not available for residents in New Jersey.

Home Solar Financing in New Jersey

There are three pathways to powering your home with solar energy in New Jersey: purchasing the solar system outright, obtaining a loan for its financing, or opting for a leasing program. Solar systems can be financed by bank loans, solar installer financing, new home mortgages, energy loans and home equity loans or lines of credit. Cash works too. Regardless of your choice, solar panels can reduce your home energy expenses, contributing to financial savings and a cleaner power supply. Our Energy Advisors can guide you to the best solar deals in New Jersey. Here's a comparison:

Solar Purchase

  • Optimal Return-On-Investment
  • Potential Reduction of Bills to near $0
  • Enhances Property Value

Outright Solar Purchase: Homeowners with a stronger financial position often cover the full cost of solar upfront, yielding the highest return-on-investment over the system's lifespan. By paying in cash, homeowners in New Jersey can claim tax credits and rebates, avoid interest charges, and directly enjoy the savings on their electricity bills. Some of our customers experience virtually no electricity expenses from the moment they install solar. We offer top-tier products at attractive cash prices.

Solar Loan

  • No Initial Expenses
  • Ownership of the System
  • Appreciates Property Value

Solar Loan Financing: Utilizing a solar loan enables you to save and own your solar system, as our financiers cover the upfront expenses (similar to an auto loan). Homes equipped with solar systems command higher value due to their lower operational costs. Depending on the chosen solar loan, you can achieve greater monthly savings or complete your financing earlier. Our team will help you secure the most favorable rates and terms to match your requirements. To learn about our latest offerings, connect with us

Solar Lease

  • No Initial Investment Required
  • Complete Maintenance Coverage
  • Lower Monthly Payments
  • Guaranteed Rates

Solar Leasing: Leasing solar panels provides an accessible and cost-effective path to solar adoption. With zero upfront costs—often referred to as “$0 down solar financing“—installation and maintenance are entirely managed, and your home benefits from the energy generated by the solar panels. You pay a consistent monthly fee and save compared to your existing electricity bill. The reduced electricity rate are what many homeowners like about this option.

Talk to your EnergyPal Advisor about financing solar options in New Jersey. We regularly source the best deals and terms for our customers. Let us guide you through the finance and application process from A-Z.

Find The Best Deals On Home Solar In New Jersey

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Frequently Asked Questions

Is it worth going solar in New Jersey?

In most cases, yes, solar will save you a significant amount of money. Solar panels produce electricity and reduce how much power you have to purchase from your electric company. The typical homeowner in New Jersey pays around 17.18¢ cents per Kilowatthour.

What is the payback period for solar panels in New Jersey?

Homeowners who install a solar array sized to meet 100 percent of their energy needs can still pay off the upfront cost in as little as 5-6 years. The typical payback period in New Jersey averages 7.7 years.

How much are solar panels in New Jersey?

As of August 2023, the average solar panel cost in New Jersey is $2.95/W. Given a solar panel system size of 6 kilowatts (kW), an average solar installation in New Jersey is $12,390 with 30% tax credit applied.

What incentives are available for solar in New Jersey?

Solar installations in New Jersey are eligible for the 30% solar tax credit. Connect with us to learn more about all the local New Jersey incentives, tax credits & rebates you qualify for.




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