How much do solar panels cost in New Jersey?

In New Jersey, solar panel installation averages about $2.88 per watt. For a typical $150 monthly electric bill, a 5.8 kW system (15 panels) costs approximately $17,280 before incentives, or $12,096 after the 30% federal tax credit.

Is solar worth it in New Jersey?

Yes — with 4.66 peak sun hours per day and 23.5¢/kWh electricity rates, solar in New Jersey typically pays for itself in 6.5 years. The rating is Strong.

Solar Panel Cost & Savings in New Jersey (2026)

Quick New Jersey Solar Facts

4.66

Peak Sun Hours/Day

23.5¢

Electricity Rate

$2.88

Install Cost/Watt

6.5 yrs

Avg Payback

In New Jersey, a typical 5.8 kW system (15 panels) costs approximately $12,096 after the 30% federal tax credit. With 4.66 peak sun hours per day and 23.5¢/kWh electricity rates, annual savings average $1,849 with a payback period of 6.5 years. Rating: Strong. Source: NREL PVWatts v8 (PSH), US EIA July 2026 (rates), SEIA/EnergySage Q1 2026 (costs).

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How many solar panels do I need in New Jersey?

For a typical home with a $150 monthly electric bill in New Jersey, you need about 15 panels (6.0 kW system). Your exact number depends on your specific monthly usage and roof orientation.

What solar incentives are available in New Jersey?

Every US homeowner qualifies for the 30% federal Investment Tax Credit (ITC) through 2032. Many states also offer additional incentives — check our main calculator's Incentives tab for New Jersey-specific rebates, tax credits, and net metering policies.

Is New Jersey a good state for solar?

New Jersey has 4.66 peak sun hours per day (U.S. average: 4.98). With electricity at 23.5¢/kWh (U.S. average: 18.83¢/kWh), solar in New Jersey typically pays for itself in 6.5 years. Overall rating: Strong.