Discover your exact solar savings potential in New Jersey. We factor in local utility rates, sun hours, and state-specific incentives to give you an accurate ROI estimate.
DISCLAIMER: All estimates are approximations based on regional averages. Actual savings vary by location, roof orientation, utility provider, and installer. This calculator does not guarantee specific savings.
Electricity rates last updated: August 2026 (source: EIA)
Find out how much you can save based on your location and current energy usage.
New Jersey's average residential electricity rate is roughly 23.27¢/kWh. Every kilowatt-hour your solar system produces replaces costly grid power, which supports payback. Confirm your specific utility rate before estimating savings.
New Jersey offers a Clean Energy Program rebate of roughly $1,000, a property tax exemption (100% indefinite), a sales tax exemption, and an active SREC market. There is no state income tax credit for solar. The 30% federal residential solar tax credit (Section 25D) expired December 31, 2025 and does not apply to systems installed in 2026 or later.
New Jersey averages roughly 4.5 peak sun hours per day — near the national average. Production is reasonable; ask a local installer for a site-specific production estimate using your actual roof conditions.
Everything you need to know about solar incentives, costs, and savings in your area.