See how much it will cost to install solar panels for your home in New Jersey

Solar power in New Jersey

Last fact-checked on April 14, 2023, by Catherine Lane

New Jersey is one of the best places in the nation to install solar panels. A combination of high average sun exposure, expensive utility rates, the solar tax credit, and the state's net metering law means homeowners can get an excellent return by installing solar panels.
But, New Jersey net metering rules have changed, causing solar panels to save less money than they have in the past. Don't worry, New Jerseyans can still see an excellent return on investment under the new rules, and battery storage is now a more economical choice.

Compare solar quotes from the top solar companies in New Jersey

New Jersey solar power facts

$3.86 per watt

Average cost: 7.5kW solar power system

13 years 7 months

Average payback time

$17,774

Average lifetime savings

4.5

Average peak sunlight hours

$0.19 kWh

If you don't get solar

9,855kWh

Annual solar power production

*Price calculations have the 30% Federal Tax Credit applied.

Cash flow graph based on cash purchase of a 7.5kW system

This 7.5kW system would offset 100% of your energy usage if your typical monthly bill in New Jersey is $126.72, however, your situation may vary so try our solar calculator to get a result tailored to you.

8 Solar companies in New Jersey that provide pricing through the Solar-Estimate marketplace.

How much can solar panels save you in New Jersey

Average total cost of solar panel installation in New Jersey

System Size

Cash purchase
After 30% solar tax credit

Financed purchase
After 30% solar tax credit

3kW

$9,177

$9,911

4kW

$11,915

$12,869

5kW

$14,494

$15,654

6kW

$16,914

$18,267

7kW

$19,173

$20,706

8kW

$21,272

$22,973

9kW

$23,211

$25,067

10kW

$24,989

$26,989

How much do solar panels cost in New Jersey?

$3.86 per watt

Cash purchased solar system After 30% solar tax credit

$4.08 per watt

Financed solar system After 30% solar tax credit

What are the pros and cons of installing solar panels in New Jersey?

The advantages of installing solar panels in New Jersey are that there are both state-based incentives and the federal tax credit to help reduce system costs. In addition, much like everything else in New Jersey, power is expensive! High electric rates means you have the potential to save more money, making the overall return on investment for residential solar panels in the state much higher than other states in the nation.

The disadvantage of installing solar panels in New Jersey is that there is less overall solar irradiation. This means a system in New Jersey will produce less power than a system in sunnier states, like Arizona. However, the state and local incentives more than make up for this. New Jersey homeowners should not pass up the opportunity to install solar while these amazing incentives are still in place.

Enter your details to calculate the potential costs and savings you can expect to see after installing solar panels on your home.

Compare solar quotes from the top solar companies in New Jersey

How much electricity will solar panels produce in New Jersey

Solar panels produce different amounts of energy in different locations.

Solar panels installed on a south-facing 30-degree pitch roof will typically produce:

1,314kWh

per year per 1kW of peak DC
(direct current) capacity

For more information about how your location, roof direction, and roof tilt affects solar power production use the solar panels calculator and enter your zip code.

I want to buy a solar panel kit and install it myself

I am an electrician and want to install the solar panels myself
I want to buy the equipment and hire an electrician and roofer to install them

Solar Calculator

Regardless of what you want to know about the economics of installing solar panels for your home or business in New Jersey , we have a solar calculator that can show you exactly the information you require.

What you can find out about installing solar panels in New Jersey using our full monthly solar calculator

This solar calculator requires you to input your address, utility company, your average monthly power spend - It tells you:

  • What size solar system do you need?

  • Answers the question of how many solar panels do I need?

  • How many square feet of roof space you need for solar panels

  • Solar electricity production in annual kWh (kilowatt-hours) you can expect from your solar system in New Jersey

  • The value of solar tax credits and other incentives you are entitled to based on the estimated size of system you need, your location and your utility provider.

  • Likely cost based on an average of prices charged for solar systems of that size in the last year in New Jersey ;

  • The likely payback period on your solar panels and your investment return.

  • Your total lifetime solar savings based on each of the major solar finance options, a cash purchase, a cash purchase funded with a HELOC sol (home equity line of credit) and a zero-down PPA or third party lease product.

If you want to see all of the above but also see live pricing, the three best solar deals available in your city and get binding quotes from each of these solar companies then use this New Jersey solar panels calculator. This calculator requires you to also input your name and contact details because most of our 200+ installer partners will only authorize the sharing of their live solar pricing where we have validated that you are a real homeowner with a home in their service area. We respect the privacy of your data and only share your contact details with the solar companies you ask us to get binding quotes from.

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:

Incentive Name

Eligibility

Type

Federal solar tax credit

Federal

Personal tax credit