How much do solar panels cost in New Jersey?

Solar panels will save you a lot of money over time, but the upfront costs aren't cheap. The average New Jersey homeowner needs a 11.51 kW solar panel system to cover their electricity needs, which comes out to $31,991 before incentives. Prices range from $27,192 to $36,790, but after the federal tax credit, that drops by 30%.

Is New Jersey a good state to go solar?

New Jersey’s robust solar incentives and high electricity prices it make one of the best states in the US to save money by going solar. Going solar is something people do once — maybe twice — in a lifetime. So it’s natural to feel nervous about the process.

What size solar panels do I need in New Jersey?

A solar panel system of 5 to 8 kW is a good size for most New Jersey homeowners. The cost of solar panels may vary depending on the size of your system, the type and brand of solar panels you choose and other rebates available.

Are there free solar panels in New Jersey?

We’ve all seen ads on Facebook and YouTube for free solar panels in New Jersey. And if your gut is saying that’s too good to be true, your gut would be right. Although solar incentives can substantially reduce the cost of going solar, there is no such thing as free solar panels in New Jersey — or anywhere, for that matter.

Does New Jersey have solar power?

New Jersey has decent solar potential, although it's lower than in sunnier states. South Jersey has a higher average solar irradiance rating than the northern part of the state, according to the National Solar Radiation Database. Solar panels vary in efficiency, with some panels producing more electricity than others of the same size.

Can you buy a solar system in New Jersey?

Those savings are expected to add up to $32,398 over your system lifespan in New Jersey. Below, we’ll summarize the pros and cons of using cash to buy your solar power system in Jersey. Using a loan for solar equipment is the preferred method for many New Jersey residents, especially since financing reduces your initial costs — often down to $0.