New Jersey Solar Incentives, Grants, Rebates, and Tax Credits
Learn about all the ways you can cash in on big savings and help offset the cost of solar panel installation in New Jersey.
- Take advantage of New Jersey’s statewide tax exemptions and rebate programs.
- Enjoy property and sales tax savings that make going solar more affordable than ever.
- Support the state’s goal of generating 50% of its energy from renewable sources by 2030.
Local Solar Tax Credits in New Jersey
New Jersey continues to lead the nation in clean energy adoption through forward-thinking legislation and generous solar incentives. These programs make it easier than ever for homeowners to go solar while increasing property value and reducing monthly utility costs.
New Jersey Solar Property Tax Exemption
With the New Jersey Solar Property Tax Exemption, you’ll pay no additional property taxes on the increased value your solar panels add to your home. This exemption ensures that while your home’s value increases, your property tax bill stays the same — maximizing your return on investment.
New Jersey Solar Sales Tax Exemption
The New Jersey Solar Sales Tax Exemption provides a 100% exemption from sales tax on eligible solar energy equipment purchases. That means you save 7% upfront when installing a solar system for your home. All taxpayers are eligible for this exemption, making solar energy accessible to more New Jersey homeowners.
Why leasing Solar is the Smart Choice
Get the great benefit of solar energy, with no upfront cost. We’ll be happy to walk you through your options with no obligations.
Pay $0 for Equipment / Installation
Lower Your Utility Bill by 20-30%
Start Saving Money From Day One
New Jersey Solar Rebates & Tax Credits for Homeowners
New Jersey Clean Energy Programs
The New Jersey Clean Energy Program helps homeowners and builders reduce energy costs through a range of incentive options. These programs include:
- Residential New Construction Program: Offers cash rebates for new homes built to meet Zero Energy Ready and Energy Star standards, helping offset the higher cost of energy-efficient construction.
- Transition Incentive Program (TIP): Replaces the state’s previous SREC program and provides long-term energy credits for renewable power generation. Under this program, homeowners can earn Transition Renewable Energy Certificates (TRECs) for every 1,000 kilowatt-hours (kWh) of electricity produced.
TRECs offer predictable, fixed-rate payments that help New Jersey homeowners recover a significant portion of their solar investment over time.
New Jersey Solar Property & Sales Tax Benefits
In addition to the Clean Energy Program, New Jersey’s property and sales tax exemptions make solar even more affordable. Homeowners pay no sales tax on equipment purchases and are exempt from property tax increases tied to the added value of solar systems, helping you save both immediately and long-term.
How Much Can You Save by Leasing Solar?
Answer a few quick questions to see your estimated monthly savings.
Net Metering in New Jersey
New Jersey’s net metering program allows homeowners to receive credits on their utility bills for excess electricity their solar panels send back to the grid.
These credits roll over from month to month, so energy generated during sunny seasons can offset higher usage periods in the winter. This system ensures homeowners get the full value of every kilowatt-hour their panels produce.
More New Jersey Financial
Incentives for Going Solar
The Transition Incentive Program, or TIP, allows New Jersey homeowners to earn Transition Renewable Energy Certificates (TRECs) for every 1,000 kilowatt-hours of solar energy produced, creating an additional source of savings.
Yes. Existing homes qualify for solar sales and property tax exemptions, while new construction can earn additional rebates through the New Jersey Clean Energy Residential New Construction Program.
Yes. Homeowners pay no state sales tax on eligible solar equipment and are exempt from property tax increases related to their solar system installation.
Most approvals through the Clean Energy Program take a few weeks once all documentation is submitted. Solar Energy World handles this process to ensure you receive all eligible benefits.
Get a Free New Jersey Solar Panel Estimate
Requesting an estimate is 100% FREE and takes less than 5 minutes.
Fill out the form or contact us!
Want a Free Solar Estimate?
Fill out the form to get started today.
