Solar Savings Calculator for New Jersey

New Jersey homeowners pay an average of $165/month for electricity at 18.5¢/kWh. With 4.3 peak sun hours per day, solar can dramatically cut your energy costs.

$165
Avg Monthly Bill
18.5¢/kWh
Electricity Rate
4.3h/day
Peak Sun Hours
$54,592
Est. 25-Year Savings

Calculate Your Savings in New Jersey

Adjust Your Details for New Jersey

$
$50$1,000
50010,000
5¢50¢

Your Estimated Solar Savings

System Size
7.2 kW
Panel Count
18 panels
Total System Cost
$20,520
Federal Tax Credit (30%)
-$6,156
Net Cost
$14,364
Annual Savings
$1,980
Payback Period
7.3 years
25-Year Savings
$54,592
Return on Investment
380%

* Estimates based on 4.3 peak sun hours/day in New Jersey, system cost of $2.85/watt, 30% federal ITC, 3% annual electricity inflation, and 0.5% annual panel degradation over 25 years. Actual results may vary.

Solar Incentives in New Jersey

Federal Solar Investment Tax Credit (ITC)

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

30% of system cost

New Jersey TREC Program

Transition Renewable Energy Certificates with fixed pricing for 15 years.

~$90 per TREC (fixed price)

New Jersey Solar Sales Tax Exemption

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

No sales tax on solar equipment

Cities in New Jersey

Select your city for a more precise estimate with local electricity rates and utility information.

Newark

19¢/kWh · 4.3h sun/day

Avg bill: $168/mo · PSE&G

Jersey City

18.8¢/kWh · 4.3h sun/day

Avg bill: $165/mo · PSE&G

Paterson

18.5¢/kWh · 4.2h sun/day

Avg bill: $160/mo · PSE&G

Elizabeth

18.8¢/kWh · 4.3h sun/day

Avg bill: $162/mo · PSE&G

Edison

18.5¢/kWh · 4.3h sun/day

Avg bill: $170/mo · PSE&G

Trenton

18¢/kWh · 4.4h sun/day

Avg bill: $158/mo · PSE&G

Cherry Hill

18.5¢/kWh · 4.4h sun/day

Avg bill: $172/mo · PSE&G

More Solar Resources for New Jersey

New Jersey Solar IncentivesTax credits, rebates, and SRECsNew Jersey Cost ComparisonSolar vs. grid costs over 25 yearsNew Jersey System SizingHow many panels your home needsNew Jersey Permits & RegulationsLocal permit requirements and HOA rulesIs Solar Worth It in New Jersey?Data-driven analysis for your stateNew Jersey Financing OptionsCompare loans, leases, and PPAs

Go Solar in New Jersey

Join thousands of New Jersey homeowners saving with solar. Get a free personalized quote from Melia King Solar.

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