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You are here: Solar Panel Home > SOLAR INFO CENTER > Solar Power in your State > New Jersey Solar > New Jersey Solar Costs

New Jersey Solar Costs

Did you know that New Jersey is the second largest solar state in the country? With residential electric rates that are higher than the national average, converting to clean solar power is a smart investment. End your frustration with the always rising utility rates and produce your own energy through solar power. New Jersey solar panels installation enables you to be energy independent.

There is no doubt that going solar can be a smart investment. With a variety of New Jersey rebates and incentives, switching to clean solar energy isn’t as expensive as you may imagine. In fact, New Jersey solar costs are well within reach of almost everyone.

The cost and size of your New Jersey solar panel system depends on your energy consumption, location, the types of solar panels and components installed and the availability of New Jersey solar panel rebates and incentives. The average New Jersey solar panel system generally pays for itself within three to five years. The colossal savings on your energy bills will last a lifetime.

Don’t want to pay any upfront solar panel costs? New Jersey residents can convert to clean solar energy for zero down through a solar lease or solar loan. Solar Panels Online can work with you to see what would best suit your needs. Solar financing programs are a smart option for people who want to take advantage of all the FREE energy from the sun, but do not necessarily have thousands of dollars to put forward.

New Jersey solar panel rebates and incentives are available to drastically bring down solar installation costs. On top of the 30% Federal Tax Credit, New Jersey residents receive Solar Renewable Energy Certificates (SRECs) that allow clean solar energy users to generate thousands of dollars in extra income. Net metering is also available. With net metering, the utility companies actually send you a check for the extra energy your solar panel system produces. This can be extremely helpful to offset the costs of home solar installation. In the long run, not only will you be saving money on your electric bills, but you are also earning a profit with your New Jersey solar panels.

New Jersey solar costs are hard to accurately predict without a home evaluation. To know for sure if a commercial or home solar panel system is right for you, contact a solar installer for a free solar home evaluation.

For a quick estimate, use a solar panel cost calculator. A solar calculator can estimate the cost and size of an ideal solar panel system for your home. All you need is your total kilo-watt hours (kWh) used in the past year. Your electric bill should contain this information. Remember, the solar panel cost calculator does not account for federal, state or local solar rebates that will substantially reduce your New Jersey solar costs.


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