Solar Panel Costs in New Jersey (2026)
Avg cost: $2.95/watt | 4 sun hours/day | Good
New Jersey Solar Overview
$2.95/W
Cost Per Watt
4 hrs
Peak Sun Hours
5,800 MW
Installed Capacity
Good
Solar Rating
A typical 7 kW residential system in New Jersey costs $25,813 before the federal tax credit and $18,069 after. With 4 peak sun hours per day, the system produces approximately 8,176 kWh annually, saving an estimated $1,308/year. The payback period is approximately 13.8 years.
Net Metering in New Jersey
Available at retail rate
State Incentives & Tax Credits
Federal ITC (30%)
Save $7,744 on a 7 kW system. Available through 2032.
New Jersey State Incentive
Successor Solar Incentive (SuSI) program pays TRECs worth $85-$90 per MWh; sales tax exemption; property tax exemption
Solar Service Costs in New Jersey
| Service | Low | High | NJ Avg |
|---|---|---|---|
| Residential Solar Installation | $18,750 | $37,500 | $28,125 |
| Commercial Solar Installation | $62,500 | $250,000 | $125,000 |
| Battery Storage Installation | $6,250 | $18,750 | $12,500 |
| Solar Panel Removal | $1,875 | $6,250 | $3,750 |
| Solar Panel Cleaning | $188 | $750 | $375 |
| Inverter Replacement | $1,250 | $4,375 | $2,500 |
| Solar Roof Tiles | $50,000 | $93,750 | $68,750 |
| Solar Water Heater | $3,750 | $8,750 | $6,250 |
Top Solar Installers in New Jersey
- Trinity Solar
- Sunrun
- SunPower
- Tesla Energy
Always verify NABCEP certification, state licensing, insurance, and customer reviews. Get at least 3 written quotes.