Solar power in Trenton, New Jersey
There has never been a better time to install solar on your home in Trenton with several amazing incentives making solar a must have for your home or business. New Jersey is one of a few states to have an excellent market for SREC's. New Jersey has a law that all utilities must source a certain percentage of their power from renewable sources and a percentage of that must come from solar PV. If utilities don't meet their requirements they are heavily fined creating a market for SREC certificates. One REC is equal to 1,000 kWh of solar generation, a standard 5kW system will produce about 6,000kWh per year resulting in 6 SREC's. The current value for New Jersey SREC's is about $180-$240 meaning a 5kW system will receive $1,080-$1,440 every year!
Those lucky enough to be living in Trenton also have net metering giving you 1 for 1 with retail power prices for energy exported to the grid by your solar system. Most people during the middle of the day are out the house when their solar is producing the most power making this incentive especially important. Despite already having two brilliant incentives New Jersey residents can also receive the 30% federal solar tax credit covering 30% of the system cost. These incentives are considered by many to be far too generous and may be shut down very soon!
Even if you are not convinced about solar we recommend that at the very least you use the solar panel calculator for Trenton to find out:
- How many solar panels you need to cover your power bill;
- How suitable your house is for solar;
- What incentives your house may be eligible for;
- The cost of solar panel installation in Trenton and whether you are eligible for zero down solar deals; and
- Your likely payback period and return on investment from installing solar
Estimate your solar savings
The average cost of installing residential solar panels in Trenton, New Jersey in 2020 is $2.78 per watt. The average system size in the US is 6 kilowatts, which means the average price of a solar system in Trenton, NJ is $13,900. (before claiming 26% tax credit and other rebates)
What does the cost of a real solar system look like?
Facts about installing a 9.8kW solar system in Trenton, NJ
This system would offset 100% of your energy usage if your typical monthly bill is $220, however your situation may vary so try our Trenton solar calculator to get a result tailored to you.
Net cost of system
Cash - after 26% solar tax credit
3 Years 6 Months
Average payback time
Annual power production
levilized cost of solar energy
If you don't get solar
The forecast average utility price over the next 25 years
Cash flow graph based on cash purchase of this 9.8kW system
Life-time savings on this system over the next 25 years
(Prices shown after repayments of capital)
Solar companies in Trenton, NJ that provide pricing through the Solar-Estimate marketplace
Average total cost of solar panel installation in New Jersey
|System Size||Cash purchase
After 26% solar tax credit
After 26% solar tax credit
Going solar in New Jersey
Check out all of the ways energy providers of New Jersey can help you be more energy efficient and save money.
The following programs are available:
|Residential Renewable Energy Tax Credit||Federal||Personal Tax Credit|
|Solar Renewable Energy Certificates (SRECs) Registration Program||State||Solar Renewable Energy Credit Program|
|NJ Clean Energy- Residential New Construction Program||State||Rebate Program|
|Net Metering||State||Net metering|
|Solar Energy Sales Tax Exemption||State||Sales Tax Incentive|
|Property Tax Exemption for Renewable Energy System||State||Property Tax Incentive|
Please keep in mind that the best source of up-to-date information on incentives are the solar installers who specialize in your area.