Thinking about switching to solar energy?

To cover the average electric bill in New Jersey, you’ll need to install an 11.29 kW solar panel system. After installation you could receive a 30% tax credit worth $12,737 as well as SREC2 credits worth over $15,147 on average over a 15 year period.”

Switching to Solar in New Jersey

New Jersey’s high electricity prices, along with robust net metering and SREC programs, make solar panels a worthwhile investment for nearly everyone in the Garden State.

Additionally, the federal solar tax credit allows New Jersey residents to significantly reduce the cost of installing solar panels, shortening payback periods and enhancing the value of their investment.

Here’s what you need to know about going solar in New Jersey.

Is Net Metering Available In NJ?

Some states, like New Jersey, you can earn bill credits from your utility company when your solar panel system generates surplus electricity and feeds it into the grid. This incentive, known as net metering, acts like a solar buyback program and can significantly reduce or even eliminate your electric bills with solar panels.

Under New Jersey’s net metering program, you earn credits at the retail rate of electricity for each kWh your system produces, up to 100% of your annual utility electricity demand. If you generate more electricity than you use over the year, any excess is credited at the wholesale rate, which is typically lower.
All major utilities in New Jersey participate in net metering, so take advantage of this opportunity while it’s still available. For more details on net metering in New Jersey, or to see specific program information, check out the details below:

JCP&L

PSE&G

AC Electric

Equipment Quality

Solar panels are becoming increasingly efficient each year, meaning they generate more electricity per square foot. As of 2024, leading solar panels can produce around 400 watts of electricity under optimal sunlight conditions. To maximize your roof’s solar potential, opt for panels with at least this level of power output.

It’s also crucial to choose a solar inverter setup that matches your roof’s layout. If you’re considering a solar battery, ensure it integrates seamlessly with your chosen inverter.

While premium equipment may come with a higher initial cost, it often provides greater long-term savings. The best equipment typically offers the longest warranty terms, often guaranteed for 25 years or more, providing peace of mind for repairs or replacements. Additionally, high-quality panels degrade more slowly over time, maintaining higher power output levels well into the future.