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New Jersey Solar Incentives & Tax Credits
Every solar incentive available to New Jersey homeowners in 2026.
30%
Federal Investment Tax Credit (ITC)
The Residential Clean Energy Credit lets you claim 30% of your total solar installation cost as a credit against your federal income taxes. On a $22,039 system, that's a $6,612 credit.
- ✅ No dollar cap — applies to full system cost including installation
- ✅ Available through December 31, 2032
- ✅ Unused credit can carry forward to future tax years
- ✅ Applies to batteries added at the same time as solar
$2,000
New Jersey State Incentive
New Jersey offers Transition Renewable Energy Certificates (TRECs).
Net Metering in New Jersey
New Jersey has Full Retail net metering. Your top utility, PSE&G, credits you for excess solar power fed to the grid.
Policy Type
Full Retail
Electricity Rate
$0.165/kWh
Top Utility
PSE&G
Utility Net Metering Policies in New Jersey
| Utility | Rate/kWh | Net Metering | Capacity Limit |
|---|---|---|---|
| PSE&G | $0.165 | Full Retail | No overall limit |
| Jersey Central Power | $0.165 | Full Retail | No overall limit |
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