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Solar Panel Cost in Edison, New Jersey
Local pricing, savings, and net metering data for Edison homeowners.
$1,460
Annual Savings
8.5 yrs
Payback Period
$12,470
Net Cost
$37,400
25-Year Savings
Cost & Savings Breakdown
Based on $150/month electric bill in Edison
System Size
6.5 kW
Annual Production
8,111 kWh
Gross System Cost
$20,672
Federal Tax Credit (30%)
-$6,202
State Incentive
-$2,000
Net Cost
$12,470
Monthly Savings
$122
CO₂ Offset/yr
7,462 lbs
25-Year Savings Projection
Utility & Net Metering
Local UtilityJersey Central Power
Net Metering PolicyFull Retail
Compensation RateFull retail rate
Capacity LimitNo overall limit
Electricity Rate$0.180/kWh
Peak Sun Hours4.3 hrs/day
Available Incentives
30%
Federal ITC — Deduct 30% of your system cost from federal taxes. Available through 2032.
$2,000
New Jersey State Incentive — New Jersey offers Transition Renewable Energy Certificates (TRECs).
Common Questions
How much does solar cost in Edison?
Solar in Edison, New Jersey costs approximately $20,672 for a 6.5 kW system. After the 30% federal tax credit, your net cost is about $12,470.
What is the solar payback period in Edison?
The estimated payback period for solar in Edison is 8.5 years, based on a $150/month electric bill and local sun hours of 4.3 hrs/day.
Does Jersey Central Power offer net metering?
Jersey Central Power offers Full Retail net metering. Full retail rate.