Get your New Jersey estimate in under a minute →
| System size | Typical home | Estimated cost |
|---|---|---|
| 6 kW | Smaller / efficient home | ~$19,000 |
| 8 kW | Average New Jersey home | ~$25,000 |
| 10 kW | Larger / high-usage home | ~$31,000 |
New Jersey's average residential electricity rate is around 17–18¢/kWh and the state gets about 4.2 peak sun hours/day. High rates plus stacked state incentives keep payback competitive even without the federal credit.
(Programs and rates change — confirm with the NJ Board of Public Utilities, your utility, and a tax professional.)
Between SREC-II payments, full net metering, and the tax exemptions, many New Jersey homeowners still see payback in about 7–10 years — among the faster paybacks nationally — then largely free power for the rest of the system's 25+ year life. The 15-year SREC-II income does a lot of the heavy lifting.
It's New Jersey's state incentive that pays you a fixed amount (about $85/MWh) for the solar energy your system produces, for 15 years — separate from and on top of your utility net-metering credits.
The 30% federal residential credit ended nationwide on Dec. 31, 2025 for purchased systems. New Jersey's SREC-II, net metering, and tax exemptions still apply.
Often yes — NJ's state incentives are strong enough that payback remains among the best in the country. Run your specific numbers to confirm.
Solar Cost Advisor is a free, neutral tool — we don't sell panels. We help New Jersey homeowners understand real solar costs and, if they choose, connect with vetted local installers. Get your free estimate →
