New Jersey solar incentives in 2026
New Jersey pays you for every megawatt-hour your system generates, for 15 years, on top of full retail net metering.
- Both leases and power purchase agreements are permitted in New Jersey
- Covering 547 ZIP codes across New Jersey
- Utilities served: PSE&G, JCP&L, Atlantic City Electric, Rockland Electric
- Every figure below carries the regulator or utility source it came from
What is actually available
Every New Jersey incentive, with its source
Several high-ranking comparison sites are quoting New Jersey figures that changed months ago. Where that is the case we have said so and linked the primary source so you can check it yourself.
| Incentive | What it is worth and how it works |
|---|---|
| Administratively Determined Incentive (SREC-II) Live | $77 per MWh, guaranteed 15 years Under the Successor Solar Incentive program, a net-metered residential system earns one SREC-II per megawatt-hour generated. By Order dated May 21, 2026 the Board of Public Utilities cut the residential rate from $85 to $77 per MWh for all registrations received on or after July 27, 2026. The rate is fixed at your registration date and runs for 15 years. It is paid in addition to net metering, not instead of it. Capacity is allocated in annual blocks and is a genuine constraint, not a marketing device. Residential was allocated 285 MW in EY2026 rising to 300 MW in EY2027, and registrations were running at roughly 5.2 MW a week in April 2026. Source: NJ BPU Order, 21 May 2026, Agenda Item 8C, Docket Nos. QO20020184 and QO26030096 |
| Net metering at full retail rate Live | 1:1 retail credit New Jersey's investor-owned utilities credit excess generation at the full retail rate, with an annual true-up. The ADI incentive and net metering run simultaneously and independently. Source: NJ Clean Energy Program |
| Sales and use tax exemption Live | 6.625% exempt Full exemption from New Jersey sales and use tax on solar energy systems, applied automatically at point of sale. |
| Property tax exemption Live | 100% of added value The value a solar system adds to your property is 100% exempt from property tax. Requires a certificate from your local assessor. Source: N.J.S.A. 54:4-3.113a |

Coverage
Where we cover in New Jersey
Our installer partner covers New Jersey statewide, across all 21 counties, from Bergen and Passaic in the north to Cape May and Cumberland in the south.
Paying for it
Four routes, and which ones work in New Jersey
Lease or PPA
Both structures are available in New Jersey. A finance company owns the system, claims the federal credit, and charges you monthly.
Loan, prepaid or cash
You own the system. Since the federal credit ended for buyers, the case for owning rests entirely on New Jersey's own incentives and on your electricity rate.
FAQs