Solar Panel Savings in New Jersey
Residents of New Jersey pay an average of $0.18/kWh for electricity and enjoy about 4.3 peak sunlight hours per day. With a federal tax credit of 30% and an additional state rebate of 6%, switching to solar can deliver excellent long-term savings.
Solar Panel Savings Calculator
Get your personalized savings estimate with live data
Data Source
Real-time solar and electricity data from government sources
Typical residential systems: 3-8 kW
Solar Conditions in New Jersey
Electricity Rate
$0.18
per kWh
Daily Sun Hours
4.3
peak hours
State Rebate
6%
additional savings
FAQs – Solar in New Jersey
How much can I save annually?
Use the calculator above to estimate annual savings based on your electricity bill and system size.
Try the general calculator →What incentives are available?
New Jersey residents can claim the 30% Federal Tax Credit plus an additional 6% state rebate.
What is the typical payback period?
In most cases, homeowners in New Jersey see ROI within 5-8 years depending on energy usage and system size.
Calculate your payback period →Compare with Other States
See how New Jersey compares to other states for solar savings potential