Solar Panel Cost in New Jersey (2026)
Installed solar in New Jersey runs about $2.95 per watt — roughly 14% above the national average of $2.58/W. With the federal residential tax credit (25D) gone as of 2026, payback here rests on a $0.17/kWh power price and 4.4 daily peak sun hours.
Worked example: a typical $150/month home in New Jersey
A $150/month electric bill in New Jersey works out to about 10,588 kWh a year. Sizing a cash-purchase system to cover 100% of that:
System size
8.4 kW
Panels
21
Annual offset
102%
Gross cost
$27,280
Federal credit (25D)
$0
Expired 12/31/2025 — $0
State incentive
$0
Net cost
$27,280
Payback
12.5 yr
25-year savings
$39,458
Last updated June 30, 2026
New Jersey solar numbers
- Installed price
- $2.95 / watt
- Electricity price
- $0.17 / kWh
- Peak sun hours
- 4.4 hrs/day
- State incentive
- 0%
- Net-metering value
- 100% of retail
Local context: New Jersey's SuSI/SREC-II program is a leading driver of residential solar value.
Estimate your own New Jersey system
Adjust the bill, ownership, and battery options below — it's pre-set to New Jersey's pricing and sun hours.
Estimated system cost
$31,946–$41,494
11.6 kW29 panels
Low $32kMost likely ~$36,720High $41k
Federal tax credit
— expired Dec 2025, we won't pretend otherwise
$0
State & utility incentives
$0
Est. annual savings
$2,534
Payback period
~12.2 yr
Net cost
$32k–$41k
25-year net savings
+$55,442
iA ballpark estimate for planning — not a final quote.
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