Solar Incentives & Rebates in New Jersey

New Jersey homeowners can take advantage of federal and state incentives to significantly reduce the cost of going solar. Below is a complete breakdown of every incentive, rebate, and policy available in New Jersey.

Net Metering

Full retail-rate net metering

SREC Program

SRECs available — earn credits for solar generation

State Tax Credit

No state tax credit — federal 30% ITC still applies

All Solar Incentives in New Jersey

Federal Solar Investment Tax Credit (ITC)

Tax Credit

Reduces federal income tax liability by 30% of the total cost of a solar energy system, including equipment and installation.

Value: 30% of system cost
Eligibility: All US homeowners with sufficient tax liability. System must be new and installed on primary or secondary residence.
Expires: 30% through 2032, 26% in 2033, 22% in 2034

New Jersey TREC Program

SREC

Transition Renewable Energy Certificates with fixed pricing for 15 years.

Value: ~$90 per TREC (fixed price)
Eligibility: Net-metered residential systems under 5 MW
Expires: 15-year contract from registration

New Jersey Solar Sales Tax Exemption

Tax Exemption

Solar panels and related equipment are exempt from NJ sales tax.

Value: No sales tax on solar equipment
Eligibility: All solar purchases in NJ
Expires: Ongoing

Related Solar Resources for New Jersey

Solar Savings in New JerseySee how much you can save with solar in New JerseySolar Financing in New JerseyCompare financing options for solar in New JerseyIs Solar Worth It in New Jersey?Full cost-benefit analysis for solar in New Jersey

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