Best Solar Panel Installation Companies in New Jersey – CNET [CNET]

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Since 2009, Green Power Energy has installed more than 130,000 residential solar systems in New Jersey. The company also installs battery storage systems and residential electric vehicle chargers. Green Power Energy offers a generous 25-year limited warranty for the quality of work, and most of its equipment has 25-year product and performance warranties. The company provides solar financing and leasing options to customers who can’t pay cash for a solar system. 

Founded in 2003, New Jersey Solar Power is one of the longstanding solar installers in the state. The company’s services include the installation of solar panels, solar batteries and EV chargers, real-time remote monitoring, financing, solar repair and maintenance. New Jersey Solar Power partners with large solar manufacturers like Enphase Energy, SolarEdge Technologies, Tesla, Q Cells and Generac. The company offers a 25-year quality-of-work warranty and 25-year product and performance warranties on all its solar equipment offerings. It doesn’t provide solar leases and PPAs.

The companies we listed above as “the best” are curated from CNET’s best solar companies list. Companies making the best list are scored on the equipment, warranties and customer service they offer. Then, we make sure these recommendations are available in your state. You can read a full breakdown of how we review solar companies here.

Companies listed under the local installers were chosen in a less rigorous way. We chose them because they offered something unique or notable to customers in the state, they seemed well-regarded by internet reviewers or because they were one of the few installers we could find information on in the state.

Whether we’ve completed a full review on a company or not, it’s always a good idea to get multiple quotes from different installers before choosing a company.

You can sell your SRECs to electric suppliers and providers seeking to meet their state RPS requirements. Because SREC is an electronic certificate specifying name, location, fuel type, SREC quantity and SREC price, you can sell it through the GATS Bulletin Board (free to use) or through a broker or aggregator (fees apply) like Sol Systems. 

solar panels an attractive alternative for New Jersey consumers trying to lower energy costs.

Between federal and local incentives, it’s become more feasible and more affordable for homeowners in the state to switch to clean energy. One of the biggest incentives is a major tax credit included within the Inflation Reduction Act, providing a 30% rebate on the cost of clean energy additions to your household once tax season arrives.

Solar panels purchased for New Jersey homes are also exempt from sales tax. Under the Successor Solar Incentive Program, homeowners are able to receive one Solar Renewable Energy Credit worth $90 for every megawatt-hour of energy their solar panel system produces.

Here’s a look at some of the top solar companies operating in New Jersey and how to make the most of your solar investment.

Best national solar companies in New Jersey

Palmetto Solar is one of the country’s largest solar panel and battery installers. Palmetto has built a strong customer support service since its founding in 2010. The company answers all your solar questions through phone, 24/7 online chat and email options. It also offers post-sale support, like an optional Palmetto Peace of Mind Plan, which includes monitoring your solar system and discounts on maintenance, repairs, and solar panel cleaning. It promises a 25-year quality-of-work warranty, a 25-year performance warranty and a 12-year product warranty. If you can’t buy a solar system with cash, Palmetto provides solar loan, leasing and PPA options for its residential customers.

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Palmetto Solar is one of the country's largest solar panel and battery installers. Palmetto has built a strong customer support service since its founding in 2010. The company answers all your solar questions through phone, 24/7 online chat and email options. It also offers post-sale support, like an optional Palmetto Peace of Mind Plan, which includes monitoring your solar system and discounts on maintenance, repairs, and solar panel cleaning. It promises a 25-year quality-of-work warranty, a 25-year performance warranty and a 12-year product warranty. If you can't buy a solar system with cash, Palmetto provides solar loan, leasing and PPA options for its residential customers.

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As one of the leading solar panel manufacturers, SunPower Maxeon solar panels have the highest efficiency level commercially available of nearly 23%. The company also provides solar installation services through an extensive network of certified installers in the US who handle the entire customer lifecycle, including design, permitting, installation, interconnection and maintenance. SunPower offers a 25-year Complete Confidence product warranty, a 25-year performance warranty and a 25-year warranty for the quality of work. SunPower provides solar financing, leasing and PPA options for its customers. In 2021, SunPower created an in-house financing institution called SunPower Financial, which offers attractive solar loans for underserved communities.

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Founded in 1985, SunPower is one of the top solar companies in the world. As one of the leading solar panel manufacturers, SunPower Maxeon solar panels have the highest efficiency level commercially available of nearly 23%. The company also provides solar installation services through an extensive network of certified installers in the US who handle the entire customer lifecycle, including design, permitting, installation, interconnection and maintenance. SunPower offers a 25-year Complete Confidence product warranty, a 25-year performance warranty and a 25-year warranty for the quality of work. SunPower provides solar financing, leasing and PPA options for its customers. In 2021, SunPower created an in-house financing institution called SunPower Financial, which offers attractive solar loans for underserved communities.

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The company offers some of the most affordable solar panels on the market and a popular battery, the Tesla Powerwall. It also offers price matching. Where Tesla falls short is its reputation for inattentive customer service.

” hed=”Tesla Solar” superlative=”Most affordable” imagegroup=”{}” linktext=”Read full review” linkurl=”https://www.cnet.com/home/energy-and-utilities/tesla-solar-panels-review-cheaper-than-other-national-players/” offer=”{“id”:”1b0d6bf8-9444-4b68-a752-4bce4b3a4d6e”,”slug”:”tesla-solar”,”label”:”Tesla Solar”,”edition”:[“US”,”ES”],”imageId”:””,”imgWidth”:null,”imgHeight”:null,”objectType”:”content_product”,”typeLabel”:”Tech Product”,”imgUrl”:null,”icon”:”type-icon ct-cmg-tech-product ct-small”}” techobjectinfo=”{“uuid”:”1b0d6bf8-9444-4b68-a752-4bce4b3a4d6e”,”name”:”Tesla Solar”,”slug”:”tesla-solar”,”productType”:”PRODUCT”,”updateType”:”PRISM”,”mod”:1698949884764,”displayDate”:”Thu Nov 02 2023 11:31:24 GMT-0700 (Pacific Daylight Time)”}” merchantoffers=”[{“useMonetization”:true,”monetizedUrl”:””,”offerMerchant”:”Tesla”,”offerPrice”:””,”monetizationStatus”:”error”,”rawUrl”:”https://www.tesla.com/solarpanels”,”url”:”https://www.tesla.com/solarpanels”}]” usepricing=”true” data-key=”cnetlisticle__980cefb6-168b-49ef-ade7-e9a22e484c7a” position=”NaN” api=”{“_id”:{“$oid”:”65bd507b37bd9527a10b252f”},”newParentVersionId”:”19ca6e62-4f06-4fd2-9c31-dda1ea009dce”,”uuid”:”980cefb6-168b-49ef-ade7-e9a22e484c7a”,”description”:”

Tesla is a household name in the electric vehicle business, and it's close to a household name in solar. The company offers some of the most affordable solar panels on the market and a popular battery, the Tesla Powerwall. It also offers price matching. Where Tesla falls short is its reputation for inattentive customer service.

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Even Tesla's Solar Roof seems to get more love.”,”If price is the thing you won't budge on, consider Tesla. By all accounts, Tesla installs quality panels and makes the closest thing there is to a household name in solar storage: the Powerwall.”,”Where you might miss out is customer service. Discussion online seems to suggest Tesla's service is a bit of a gamble.”],”valSlug”:[“tesla-s-solar-branch”,”if-price-is-the”,”where-you-might-miss”],”name”:”Our Take”,”id”:5082662,”slug”:”our-take”},{“val”:[“Tesla Solar”],”valSlug”:[“tesla-solar”],”name”:”ProductName”,”id”:1000003,”slug”:”productname”},{“val”:[“Solar panels from Tesla are likely to be the cheapest option where they are available. You can save thousands of dollars, without sacrificing on quality of equipment or the warranties that protect it.”,”What you might sacrifice is customer service. From delays to price changes, to slow responses, to system malfunctions, social media reports of negative experiences aren't hard to find, including some who regret their choice. This is true of all solar companies, but the quantity of reports concerning Tesla is concerning.”],”valSlug”:[“solar-panels-from-tesla”,”what-you-might-sacrifice”],”name”:”Product Details”,”id”:5082657,”slug”:”product-details”},{“val”:[“All 50 states”],”valSlug”:[“all-50-states”],”name”:”Areas Served”,”id”:5082656,”slug”:”areas-served”},{“val”:[“7.2″],”valSlug”:[“7-2″],”name”:”Overall Rating”,”id”:5082626,”slug”:”overall-rating”},{“val”:[“8″],”valSlug”:[“8″],”name”:”Service”,”id”:5082655,”slug”:”b34a1-service”},{“val”:[“7.3″],”valSlug”:[“7-3″],”name”:”Equipment”,”id”:5082654,”slug”:”equipment”},{“val”:[“Anecdotally, customer service can be poor”,”Fewer equipment options”],”valSlug”:[“anecdotally-customer-service-can”,”fewer-equipment-options”],”name”:”Cons”,”id”:5082615,”slug”:”cons”},{“val”:[“Low prices and a price-match guarantee”,”Quality equipment”,”Lower-profile panels”],”valSlug”:[“low-prices-and-a”,”quality-equipment”,”lower-profile-panels”],”name”:”Pros”,”id”:5082614,”slug”:”pros”},{“val”:[“6.5″],”valSlug”:[“6-5″],”name”:”Warranty”,”id”:5082643,”slug”:”b948d-warranty”}],”availableOn”:null,”date”:{“add”:{“date”:”2023-06-30 22:35:32″,”timezone_type”:3,”timezone”:”UTC”,”secondsSinceEpoch”:1688164.532},”mod”:{“date”:”2023-12-19 23:05:33″,”timezone_type”:3,”timezone”:”UTC”,”secondsSinceEpoch”:1703027.133},”slug”:{“date”:”2023-06-30 22:35:35″,”timezone_type”:3,”timezone”:”UTC”,”secondsSinceEpoch”:1688164.535},”release”:{“date”:”2023-12-19 23:05:31″,”timezone_type”:3,”timezone”:”UTC”,”secondsSinceEpoch”:1703027.131}},”edition”:”us”,”family”:null,”images”:null,”gallery”:null,”keywords”:null,”locale”:”en_US”,”manufacturer”:{“name”:”Tesla”,”id”:15000050,”slug”:”tesla”,”url”:”http://www.teslamotors.com/”},”nodes”:null,”priceSummary”:[],”product”:{“name”:”Tesla Solar”,”htopic”:{“typePath”:”Content:Content”,”hPath”:”Home:Home Energy & Utilities”,”hslugPath”:”cnet-home:home-energy-and-utilities”,”name”:”Home Energy & Utilities”,”huuidPath”:”df2361e6-2b67-4c91-b029-bc609f49bea4:2d67caf6-9e72-4eba-a0e9-5d95c515c29f”,”type”:”Content”,”uuid”:”2d67caf6-9e72-4eba-a0e9-5d95c515c29f”,”slug”:”home-energy-and-utilities”,”huuids”:[“df2361e6-2b67-4c91-b029-bc609f49bea4″,”2d67caf6-9e72-4eba-a0e9-5d95c515c29f”]},”sku”:[“CNETTeslaEnergy”],”slug”:”tesla-solar”,”topic”:{“typePath”:”Content:Content”,”hPath”:”Home:Home Energy & Utilities”,”hslugPath”:”cnet-home:home-energy-and-utilities”,”name”:”Home Energy & Utilities”,”huuidPath”:”df2361e6-2b67-4c91-b029-bc609f49bea4:2d67caf6-9e72-4eba-a0e9-5d95c515c29f”,”type”:”Content”,”uuid”:”2d67caf6-9e72-4eba-a0e9-5d95c515c29f”,”slug”:”home-energy-and-utilities”,”huuids”:[“df2361e6-2b67-4c91-b029-bc609f49bea4″,”2d67caf6-9e72-4eba-a0e9-5d95c515c29f”]}},”resellers”:[],”reviews”:null,”rrp”:null,”site”:null,”slugs”:{“product”:{“name”:”tesla-solar”,”type”:”product”,”addDate”:{“date”:”2023-06-30 22:35:35″,”timezone_type”:3,”timezone”:”UTC”,”secondsSinceEpoch”:1688164.535}},”seoUrl”:{“name”:”tesla-solar”,”type”:”product”,”addDate”:{“date”:”2023-06-30 22:35:35″,”timezone_type”:3,”timezone”:”UTC”,”secondsSinceEpoch”:1688164.535}}},”specs”:null,”status”:”Live”,”type”:”Product”,”subType”:null,”hasDeal”:null,”winningBlurb”:null,”userReviewCount”:null,”userReviewRating”:null,”seoURL”:{“slug”:”1b0d6bf8-9444-4b68-a752-4bce4b3a4d6e”,”route”:null,”reviewUUID”:null,”reviewType”:null,”slugType”:”product”,”code”:200,”style”:null},”typeName”:”content_product”}}”> Momentum Solar is one of the fastest-growing solar companies and is based in New Jersey, with services in 10 other states. The company uses in-house professionals who manage the sale, design, permitting, installation and interconnection of solar systems for residential and commercial customers. Momentum Solar also installs battery storage systems, which are currently limited to five states, including New Jersey. The company provides a 25-year quality-of-work warranty and a 25-year product warranty. Momentum Solar customers can buy outright, finance their solar panels, or enter a lease agreement or a PPA.

” hed=”Momentum Solar” superlative=”All in-house installers” imagegroup=”{}” linktext=”Read full review” linkurl=”https://www.cnet.com/home/energy-and-utilities/momentum-solar-review/” offer=”{“id”:”eecb3eb8-83a3-4808-95d4-c27b138f12af”,”slug”:”momentum-solar”,”label”:”Momentum Solar”,”edition”:[“US”,”ES”],”imageId”:””,”imgWidth”:null,”imgHeight”:null,”objectType”:”content_product”,”typeLabel”:”Tech Product”,”imgUrl”:null,”icon”:”type-icon ct-cmg-tech-product ct-small”}” techobjectinfo=”{“uuid”:”eecb3eb8-83a3-4808-95d4-c27b138f12af”,”name”:”Momentum Solar”,”slug”:”momentum-solar”,”productType”:”PRODUCT”,”updateType”:”PRISM”,”mod”:1698692814227,”displayDate”:”Mon Oct 30 2023 12:06:54 GMT-0700 (Pacific Daylight Time)”}” merchantoffers=”[{“useMonetization”:false,”monetizedUrl”:””,”offerMerchant”:”Momentum”,”offerPrice”:””,”monetizationStatus”:”off”,”rawUrl”:”https://www.momentumsolar.com/”,”url”:”https://www.momentumsolar.com/”}]” usepricing=”true” data-key=”cnetlisticle__29209109-3682-49ce-9ae8-5254c4e60285″ position=”NaN” api=”{“_id”:{“$oid”:”65bd507b37bd9527a10b2533″},”newParentVersionId”:”19ca6e62-4f06-4fd2-9c31-dda1ea009dce”,”uuid”:”29209109-3682-49ce-9ae8-5254c4e60285″,”description”:”

Momentum Solar is one of the fastest-growing solar companies and is based in New Jersey, with services in 10 other states. The company uses in-house professionals who manage the sale, design, permitting, installation and interconnection of solar systems for residential and commercial customers. Momentum Solar also installs battery storage systems, which are currently limited to five states, including New Jersey. The company provides a 25-year quality-of-work warranty and a 25-year product warranty. Momentum Solar customers can buy outright, finance their solar panels, or enter a lease agreement or a PPA.

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While using in-house installers doesn't guarantee a better experience, it does suggest you're likely to get a more uniform experience from them. The fact that Momentum backs its installations with a 25-year workmanship warranty hints at a strong belief in their crews' ability. If Momentum is part of your search, consider the warranties against leaks that other companies offer. Momentum's is five years, which can be beat.”],”valSlug”:[“momentum-installs-in-11″],”name”:”Our Take”,”id”:5082662,”slug”:”our-take”},{“val”:[“Momentum Solar”],”valSlug”:[“momentum-solar”],”name”:”ProductName”,”id”:1000003,”slug”:”productname”},{“val”:[“Momentum Solar puts Qcells solar panels on roofs in 11 states, and installs Enphase batteries alongside them in five of those. Momentum is one of a few companies that will price match quotes from other companies. It also receives an A-plus from the Better Business Bureau. The company also uses only in-house, Momentum-trained installation teams and backs that work up with a workmanship warranty that lasts 25 years, matching the longest warranty terms in the industry.”],”valSlug”:[“momentum-solar-puts-qcells”],”name”:”Product Details”,”id”:5082657,”slug”:”product-details”},{“val”:[“Only solar panels: Arizona, Connecticut, Georgia, Massachusetts, Nevada, Pennsylvania”,”Also installs batteries: California, Florida, New Jersey, New York, Texas”],”valSlug”:[“only-solar-panels-arizona”,”also-installs-batteries-california”],”name”:”Areas Served”,”id”:5082656,”slug”:”areas-served”},{“val”:[“6.9″],”valSlug”:[“6-9″],”name”:”Overall Rating”,”id”:5082626,”slug”:”overall-rating”},{“val”:[“7″],”valSlug”:[“7″],”name”:”Service”,”id”:5082655,”slug”:”b34a1-service”},{“val”:[“6″],”valSlug”:[“6″],”name”:”Equipment”,”id”:5082654,”slug”:”equipment”},{“val”:[“Only offers one brand of panels”,”5-year roof penetration warranty”],”valSlug”:[“only-offers-one-brand”,”5-year-roof-penetration”],”name”:”Cons”,”id”:5082615,”slug”:”cons”},{“val”:[“25-year warranty on workmanship and equipment”,”Doesn't use subcontractors”,”Long track record in the industry”],”valSlug”:[“25-year-warranty-on”,”doesn-t-use-subcontractors”,”long-track-record-in”],”name”:”Pros”,”id”:5082614,”slug”:”pros”},{“val”:[“7.5″],”valSlug”:[“7-5″],”name”:”Warranty”,”id”:5082643,”slug”:”b948d-warranty”}],”availableOn”:null,”date”:{“add”:{“date”:”2023-06-30 22:50:13″,”timezone_type”:3,”timezone”:”UTC”,”secondsSinceEpoch”:1688165.413},”mod”:{“date”:”2023-09-11 17:12:18″,”timezone_type”:3,”timezone”:”UTC”,”secondsSinceEpoch”:1694452.338},”slug”:{“date”:”2023-06-30 22:50:15″,”timezone_type”:3,”timezone”:”UTC”,”secondsSinceEpoch”:1688165.415},”release”:{“date”:”2023-09-11 17:12:16″,”timezone_type”:3,”timezone”:”UTC”,”secondsSinceEpoch”:1694452.336}},”edition”:”us”,”family”:null,”images”:null,”gallery”:null,”keywords”:null,”locale”:”en_US”,”manufacturer”:{“name”:”Momentum Solar”,”id”:15019690,”slug”:”momentum-solar”,”url”:”https://www.momentumsolar.com/”},”nodes”:null,”priceSummary”:[],”product”:{“name”:”Momentum Solar”,”htopic”:{“typePath”:”Content:Content”,”hPath”:”Home:Home Energy & Utilities”,”hslugPath”:”cnet-home:home-energy-and-utilities”,”name”:”Home Energy & Utilities”,”huuidPath”:”df2361e6-2b67-4c91-b029-bc609f49bea4:2d67caf6-9e72-4eba-a0e9-5d95c515c29f”,”type”:”Content”,”uuid”:”2d67caf6-9e72-4eba-a0e9-5d95c515c29f”,”slug”:”home-energy-and-utilities”,”huuids”:[“df2361e6-2b67-4c91-b029-bc609f49bea4″,”2d67caf6-9e72-4eba-a0e9-5d95c515c29f”]},”sku”:[“CNETMomentumSolar”],”slug”:”momentum-solar”,”topic”:{“typePath”:”Content:Content”,”hPath”:”Home:Home Energy & Utilities”,”hslugPath”:”cnet-home:home-energy-and-utilities”,”name”:”Home Energy & Utilities”,”huuidPath”:”df2361e6-2b67-4c91-b029-bc609f49bea4:2d67caf6-9e72-4eba-a0e9-5d95c515c29f”,”type”:”Content”,”uuid”:”2d67caf6-9e72-4eba-a0e9-5d95c515c29f”,”slug”:”home-energy-and-utilities”,”huuids”:[“df2361e6-2b67-4c91-b029-bc609f49bea4″,”2d67caf6-9e72-4eba-a0e9-5d95c515c29f”]}},”resellers”:[],”reviews”:null,”rrp”:null,”site”:null,”slugs”:{“product”:{“name”:”momentum-solar”,”type”:”product”,”addDate”:{“date”:”2023-06-30 22:50:15″,”timezone_type”:3,”timezone”:”UTC”,”secondsSinceEpoch”:1688165.415}},”seoUrl”:{“name”:”momentum-solar”,”type”:”product”,”addDate”:{“date”:”2023-06-30 22:50:15″,”timezone_type”:3,”timezone”:”UTC”,”secondsSinceEpoch”:1688165.415}}},”specs”:null,”status”:”Live”,”type”:”Product”,”subType”:null,”hasDeal”:null,”winningBlurb”:null,”userReviewCount”:null,”userReviewRating”:null,”seoURL”:{“slug”:”eecb3eb8-83a3-4808-95d4-c27b138f12af”,”route”:null,”reviewUUID”:null,”reviewType”:null,”slugType”:”product”,”code”:200,”style”:null},”typeName”:”content_product”}}”>

Local solar panel installation companies in New Jersey

Green Power Energy has installed more than 130,000 residential solar systems in New Jersey. The company also installs battery storage systems and residential electric vehicle chargers. Green Power Energy offers a generous 25-year limited warranty for the quality of work, and most of its equipment has 25-year product and performance warranties. The company provides solar financing and leasing options to customers who can’t pay cash for a solar system. 

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Since 2009, Green Power Energy has installed more than 130,000 residential solar systems in New Jersey. The company also installs battery storage systems and residential electric vehicle chargers. Green Power Energy offers a generous 25-year limited warranty for the quality of work, and most of its equipment has 25-year product and performance warranties. The company provides solar financing and leasing options to customers who can't pay cash for a solar system. 

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Founded in 2003, New Jersey Solar Power is one of the longstanding solar installers in the state. The company's services include the installation of solar panels, solar batteries and EV chargers, real-time remote monitoring, financing, solar repair and maintenance. New Jersey Solar Power partners with large solar manufacturers like Enphase Energy, SolarEdge Technologies, Tesla, Q Cells and Generac. The company offers a 25-year quality-of-work warranty and 25-year product and performance warranties on all its solar equipment offerings. It doesn't provide solar leases and PPAs.

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How to determine which solar company in New Jersey is best for me

You’ll want to find a solar installer that has experience with the kind of solar project that you’re interested in. Make sure your installer has experience working with the type of roof that you have, and the type of solar system you want installed, like on-grid or off-grid. 

Look for installers that are certified by the North American Board of Certified Energy Practitioners and have the right licensing and bonding for their work. Reading online reviews from multiple sources can also help you get a better understanding of an installer’s reputation. A few places to look for solar company reviews are Google, Yelp and Angi (formerly Angie’s List). Try to find companies that have at least 20 to 30 reviews. If you know someone who has solar panels on their home, you can ask them for installer recommendations too. Shop around and gather multiple quotes to get the best price possible. 

“We advise people to always get at least three bids from installers so that you’re able to make comparisons and find an installer that works best for your needs,” said Ben Delman, a communications director with Solar United Neighbors, a clean energy nonprofit.

Aside from certifications and reviews, there are a few other things to look for in a solar company. A good installer, Delman said, will be able to:

• Provide good word-of-mouth references
• Clearly explain the project and working deadlines
• Define technical terms in an easy-to-understand manner
• Be transparent about pricing and how system financing works
• Understand the local permit requirements and the process for system interconnection with the local power company
• Understand homeowners association restrictions and help you navigate and explain that process

A reputable installer should be able to answer any questions you may have, no matter how difficult those questions might be. Don’t be afraid to ask for clarification on any project and pricing details.

Average cost of solar panels in New Jersey

Here’s a look at the cost of an average solar panel system in New Jersey compared to the national average cost for a solar panel system before factoring in tax credits incentives, according to data from FindEnergy.com.

“,”Typical system size (kW)”,”Price per watt”,”Total installed cost”,”Cost after 30% federal tax credit”],[“New Jersey”,”6″,”$3.53″,”$21,180″,”$14,826″],[“National average”,”8.6″,”$3.67″,”$31,558″,”$22,091″]],”chartName”:”Average cost of solar panels in New Jersey”,”headingRows”:””}” edition=”us”>

This infographic shows the average total price, cost per watt and system size for solar panel systems across different states, according to data from FindEnergy.com. The prices shown are not final, as they do not include cuts from tax credits or state solar incentives. If FindEnergy doesn’t have solar data for a particular state, it appears grayed out on the map.  

New Jersey solar panel incentives and rebates

Despite a significant decrease in costs in residential solar, panels still cost thousands of dollars. You can reduce the price further with federal tax credits and other incentives specific to New Jersey. 

The federal Residential Clean Energy Credit (formerly known as the Investment Tax Credit) allows you to  from your federal tax returns after you purchase solar panels. The federal credit alone could cut more than $8,600 from the cost of the average solar system installed in New Jersey. Most solar batteries are also eligible for the federal tax credit if paired with solar panels. 

The Inflation Reduction Act, a major federal climate bill enacted in August 2022, increased and extended the solar tax credit until 2034. The credit will drop to 26% in 2033 and 22% in 2034. You can complete and submit form 5695 (PDF) to the IRS to receive the Clean Energy Credit. Follow the IRS instructions on how to complete this form. After the IRS approves your paperwork, you will get your solar savings in a credit when you file your federal tax return for the year.

New Jersey also provides several residential incentives to lower the cost of solar. While you can find a complete list of incentives in the Garden State on the Database of State Incentives for Renewables and Efficiency, here are the major ones worth noting.

Net metering“,”Net metering law in New Jersey mandates that utilities in the state offer net-metering rates to residential, commercial and industrial customers. Solar system owners can sell excess generation back to the grid at retail.”],[“Solar Panel System Sales Tax Exemption“,”Solar owners in New Jersey can receive a full exemption from the state’s sales tax for all solar energy equipment. All taxpayers in the state are eligible for the exemption.”],[“Successor Solar Incentive Program“,”The SuSI program replaces New Jersey’s Solar Renewable Energy Credit program. SREC is a tradeable certificate representing the positive environmental impact of your solar system. Under the SuSI program, you can receive one SREC for each megawatt-hour your solar system produces. Residential solar systems of all sizes receive a fixed $90 in SRECs for 15 years.”]],”chartName”:”New Jersey solar incentives”,”headingRows”:”0″}” edition=”us”>

How to pay for solar panels in New Jersey 

As with any major purchase, you will want to think about how to finance the cost of solar panels. Keep in mind, the money from the tax credit won’t be yours until after you’ve filed your taxes for the year the panels are installed. It’s also important to factor in the solar payback period, which is the time it takes to recoup your upfront investment and when savings begins. 

Here are some ways to pay for solar panels:

Solar loan: Your solar installer likely has a relationship with a bank or other financial institution to offer a loan designed for solar panels. This can be a great deal, but you’ll want to get multiple offers to ensure the rates and terms are the best.

Lease or power purchase agreement: Some solar companies allow you to lease your system or enter a power purchase agreement. If you choose to lease, you won’t own the solar system, you’ll just pay for use of the equipment. Entering a power purchase agreement means you’ll buy solar energy generated from the solar company to power your home. The price you’ll pay is usually lower than the retail rate from your local utility company. Note that not all incentives are available with a lease or power purchase agreement.

Personal loan: You can also borrow the money through a personal loan. The main difference between a personal loan and a home equity loan is that a personal loan is typically unsecured. That means your house isn’t at risk. The downside is they tend to have shorter terms and higher interest rates than home equity products.

Cash: This approach only works if you happen to have thousands of dollars sitting around in a bank account. If you don’t have that yet, but you want solar panels in the future, consider saving money in a high-yield savings account. Interest rates are high right now, and this can help you save faster.

Home equity: You don’t have to use a loan from your solar company. Financial institutions offer home equity loans and lines of credit (or HELOCs) that are commonly used for home improvement projects. These loans can be used for basically any purpose, and they may be a good fit for your solar project. Shop around and make sure you’re getting the best deal.

Installation factors to keep in mind

Going solar isn’t cheap. It’s worth considering all the factors when deciding your home’s solar viability, including:

• Your roof’s condition and pitch: Your roof should be in good condition before you install solar panels. Putting up a new solar system on an older roof could cost you more in the long run because you will need to remove the panels and wiring if you need to replace or repair the roof. A roofing expert will examine your roof’s condition before solar installation. Also, the . The Department of Energy determined that solar panels operate most efficiently with an angle between 15 and 40 degrees. 
• HOA and neighborhood rules: New Jersey bans homeowners associations from blocking solar panel installations for their members. The state’s Solar Easements Act gives residents the right to negotiate solar easements with neighbors to receive optimal exposure to sunlight for their solar systems.
• Insurance coverage: It’s a good idea to include your solar panels in your homeowner’s insurance policy. Most homeowner’s policies cover rooftop solar panels, but you’ll need to check with your insurance company for the specific details of your policy.
• Climate: New Jersey gets plenty of snow in the winter. While solar generation in the winter is less than in the summer due to shorter days, your solar panels will convert sunlight photons into electricity as long as the sun reaches the surface of the panels. Solar panels also can reach top efficiency levels in cold weather because their optimal internal temperature is between 40 and 55 degrees Fahrenheit. While heavy snow may temporarily decrease solar generation, solar panels are typically installed at an angle to allow snow to slide off and resume generation.
• Cost and time: Going solar is a significant investment for most people. But before you commit to a solar loan, lease, or PPA, you should consider how long you plan to live in your house. You won’t reap the long-term cost savings from solar generation if you have to move in a few years. Yet solar panels can be the right choice if you plan to remain in your home for a long time. The average payback period for solar panels is between six and nine years, but it varies from state to state.

How we found the best solar companies 

CNET’s best solar companies list. Companies making the best list are scored on the equipment, warranties and customer service they offer. Then, we make sure these recommendations are available in your state. You can read a full breakdown of how we review solar companies here.

Companies listed under the local installers were chosen in a less rigorous way. We chose them because they offered something unique or notable to customers in the state, they seemed well-regarded by internet reviewers or because they were one of the few installers we could find information on in the state.

Whether we’ve completed a full review on a company or not, it’s always a good idea to get multiple quotes from different installers before choosing a company.

” hed=”Our Methodology” imagegroup=”{}” merchantoffers=”[]” usepricing=”true” data-key=”cnetlisticle__c1541a09-a6a7-4d77-8368-66a8bb0819ee” position=”NaN” api=”{“_id”:{“$oid”:”65bd507b37bd9527a10b254b”},”newParentVersionId”:”19ca6e62-4f06-4fd2-9c31-dda1ea009dce”,”uuid”:”c1541a09-a6a7-4d77-8368-66a8bb0819ee”,”description”:”

The companies we listed above as “the best” are curated from CNET's best solar companies list. Companies making the best list are scored on the equipment, warranties and customer service they offer. Then, we make sure these recommendations are available in your state. You can read a full breakdown of how we review solar companies here.

Companies listed under the local installers were chosen in a less rigorous way. We chose them because they offered something unique or notable to customers in the state, they seemed well-regarded by internet reviewers or because they were one of the few installers we could find information on in the state.

Whether we've completed a full review on a company or not, it's always a good idea to get multiple quotes from different installers before choosing a company.

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New Jersey solar power FAQs

Clean Energy Program is a big reason. Established in 2001, it incorporates robust solar energy growth elements, like an annual incremental increase of solar generation in the state’s Renewable Portfolio Standards and the development of the SREC program. Additionally, it includes net metering standards to incentivize residential solar investments. These measures created a robust solar market where investors get compensation for generating clean and renewable energy.

” hed=”How did New Jersey become a top solar producer in the US?” imagegroup=”{}” merchantoffers=”[]” usepricing=”true” data-key=”cnetlisticle__df0ac45a-453b-422b-8f12-e3e6e771e970″ position=”NaN” api=”{“_id”:{“$oid”:”65bd507b37bd9527a10b2552″},”newParentVersionId”:”19ca6e62-4f06-4fd2-9c31-dda1ea009dce”,”uuid”:”df0ac45a-453b-422b-8f12-e3e6e771e970″,”description”:”

New Jersey's Clean Energy Program is a big reason. Established in 2001, it incorporates robust solar energy growth elements, like an annual incremental increase of solar generation in the state's Renewable Portfolio Standards and the development of the SREC program. Additionally, it includes net metering standards to incentivize residential solar investments. These measures created a robust solar market where investors get compensation for generating clean and renewable energy.

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” hed=”What are renewable portfolio standards?” imagegroup=”{}” merchantoffers=”[]” usepricing=”true” data-key=”cnetlisticle__89787f29-a621-4108-acc0-52de0fb16424″ position=”NaN” api=”{“_id”:{“$oid”:”65bd507b37bd9527a10b2562″},”newParentVersionId”:”19ca6e62-4f06-4fd2-9c31-dda1ea009dce”,”uuid”:”89787f29-a621-4108-acc0-52de0fb16424″,”description”:”

Renewable portfolio standards, or RPS, are state mandates requiring that utilities generate a certain percentage of electricity from renewable sources. The RPS aims to increase the share of renewables in electricity generation and diversify energy sources. One of 31 states with RPS goals, New Jersey has the most ambitious RPS in the US. It requires 35% of energy sales to come from qualified renewable resources by 2025 and 50% by 2030. New Jersey's RPS should expand clean energy technologies in the state and provide economic and environmental benefits. 

“,”dislike”:””,”hed”:”What are renewable portfolio standards?”,”imageCaptionOverride”:””,”imageCreditOverride”:””,”imageGroup”:{},”isLive”:true,”like”:””,”merchantOffers”:[],”metadata”:{“parentId”:”54c34c48-0134-4772-9519-fdae1a69a87a”,”parentContentType”:”content_article”,”slug”:”new-jersey-solar-panels”,”dateUpdated”:{“date”:”2024-02-05 23:31:01.649726″,”timezone_type”:3,”timezone”:”UTC”},”timestamp”:1707175861000,”lastUpdatedBy”:”19893813804550802745927159516106″,”edition”:”us”},”shortcodeType”:”listicle”,”siteId”:1,”subhed”:””,”supplementalText”:””,”supplementalUrl”:””,”techObjectInfo”:null,”techProdUuid”:””,”usePricing”:true}”> sell your SRECs to electric suppliers and providers seeking to meet their state RPS requirements. Because SREC is an electronic certificate specifying name, location, fuel type, SREC quantity and SREC price, you can sell it through the GATS Bulletin Board (free to use) or through a broker or aggregator (fees apply) like Sol Systems. 

” hed=”Who can buy my SRECs?” imagegroup=”{}” merchantoffers=”[]” usepricing=”true” data-key=”cnetlisticle__e1bb6d0f-5060-42e6-9352-fcf0abebd529″ position=”NaN” api=”{“_id”:{“$oid”:”65bd507b37bd9527a10b256b”},”newParentVersionId”:”19ca6e62-4f06-4fd2-9c31-dda1ea009dce”,”uuid”:”e1bb6d0f-5060-42e6-9352-fcf0abebd529″,”description”:”

You can sell your SRECs to electric suppliers and providers seeking to meet their state RPS requirements. Because SREC is an electronic certificate specifying name, location, fuel type, SREC quantity and SREC price, you can sell it through the GATS Bulletin Board (free to use) or through a broker or aggregator (fees apply) like Sol Systems. 

“,”dislike”:””,”hed”:”Who can buy my SRECs?”,”imageCaptionOverride”:””,”imageCreditOverride”:””,”imageGroup”:{},”isLive”:true,”like”:””,”merchantOffers”:[],”metadata”:{“parentId”:”54c34c48-0134-4772-9519-fdae1a69a87a”,”parentContentType”:”content_article”,”slug”:”new-jersey-solar-panels”,”dateUpdated”:{“date”:”2024-02-05 23:31:01.661042″,”timezone_type”:3,”timezone”:”UTC”},”timestamp”:1707175861000,”lastUpdatedBy”:”19893813804550802745927159516106″,”edition”:”us”},”shortcodeType”:”listicle”,”siteId”:1,”subhed”:””,”supplementalText”:””,”supplementalUrl”:””,”techObjectInfo”:null,”techProdUuid”:””,”usePricing”:true}”> PJM-EIS Generation Attribution Tracking System to transfer the title for the solar system and SRECs.

” hed=”What happens to my SRECs if I sell my house?” imagegroup=”{}” merchantoffers=”[]” usepricing=”true” data-key=”cnetlisticle__0404acf4-a3ea-49d1-bec8-0a3f1c491f8e” position=”NaN” api=”{“_id”:{“$oid”:”65bd507b37bd9527a10b2573″},”newParentVersionId”:”19ca6e62-4f06-4fd2-9c31-dda1ea009dce”,”uuid”:”0404acf4-a3ea-49d1-bec8-0a3f1c491f8e”,”description”:”

If you sell your home, you can transfer the ownership of your solar system and SRECs to a new owner. You and the new owner must download and complete paperwork through the PJM-EIS Generation Attribution Tracking System to transfer the title for the solar system and SRECs.

“,”dislike”:””,”hed”:”What happens to my SRECs if I sell my house?”,”imageCaptionOverride”:””,”imageCreditOverride”:””,”imageGroup”:{},”isLive”:true,”like”:””,”merchantOffers”:[],”metadata”:{“parentId”:”54c34c48-0134-4772-9519-fdae1a69a87a”,”parentContentType”:”content_article”,”slug”:”new-jersey-solar-panels”,”dateUpdated”:{“date”:”2024-02-05 23:31:01.672143″,”timezone_type”:3,”timezone”:”UTC”},”timestamp”:1707175861000,”lastUpdatedBy”:”19893813804550802745927159516106″,”edition”:”us”},”shortcodeType”:”listicle”,”siteId”:1,”subhed”:””,”supplementalText”:””,”supplementalUrl”:””,”techObjectInfo”:null,”techProdUuid”:””,”usePricing”:true}”> number of solar panels you need depends on your home’s energy usage, the type of panels you want, the amount of sunlight your home receives and your overall budget. Your installer will perform an on-site inspection to help determine how many solar panels you’ll need.

” hed=”How many solar panels do I need?” imagegroup=”{}” merchantoffers=”[]” usepricing=”true” data-key=”cnetlisticle__3f74a10c-34f9-4580-888a-c23e1f8c7f91″ position=”NaN” api=”{“_id”:{“$oid”:”65bd507b37bd9527a10b2582″},”newParentVersionId”:”19ca6e62-4f06-4fd2-9c31-dda1ea009dce”,”uuid”:”3f74a10c-34f9-4580-888a-c23e1f8c7f91″,”description”:”

The number of solar panels you need depends on your home's energy usage, the type of panels you want, the amount of sunlight your home receives and your overall budget. Your installer will perform an on-site inspection to help determine how many solar panels you'll need.

“,”dislike”:””,”hed”:”How many solar panels do I need?”,”imageCaptionOverride”:””,”imageCreditOverride”:””,”imageGroup”:{},”isLive”:true,”like”:””,”merchantOffers”:[],”metadata”:{“parentId”:”54c34c48-0134-4772-9519-fdae1a69a87a”,”parentContentType”:”content_article”,”slug”:”new-jersey-solar-panels”,”dateUpdated”:{“date”:”2024-02-05 23:31:01.687797″,”timezone_type”:3,”timezone”:”UTC”},”timestamp”:1707175861000,”lastUpdatedBy”:”19893813804550802745927159516106″,”edition”:”us”},”shortcodeType”:”listicle”,”siteId”:1,”subhed”:””,”supplementalText”:””,”supplementalUrl”:””,”techObjectInfo”:null,”techProdUuid”:””,”usePricing”:true}”> “>

Saltanat Berdikeeva is a CNET contributor and a writer for our sister publication SaveOnEnergy.com who has published extensive work on energy and security issues in the US, Eurasia and the Middle East over the past decade. Her articles have been featured in Energy Digital, Inside Arabia, European Energy Review, National Geographic, Platts, Oil and Gas Journal, Insight Turkey, ISN, local newspapers and other publications. Saltanat also appears on syndicated TV and radio stations in the US, providing commentary and analysis on energy issues. With a passion for clean energy technologies, she focuses on providing clear and straightforward information in simple language on all things energy. Saltanat holds a master’s degree in security studies from Georgetown University.