How Much Do Solar Panels Cost in New Jersey? (March 2026 Pricing)

If you’re watching your PSEG, JCP&L, or Atlantic City Electric bills skyrocket this year, you aren’t alone. As of March 2026, New Jersey electricity rates have hit record highs, making the cost of solar panels in NJ the #1 question for homeowners looking for relief.

The 2026 Pricing Breakdown

Solar pricing is no longer “one size fits all.” Because of the 2025 federal tax law changes, the way you pay for your system drastically changes your net cost. Below is the current market pricing for the most common system sizes in the Garden State.

*Post-2025 Update: The 30% Federal Credit is currently available primarily through Third-Party Owned (TPO) models like Leases and PPAs. Cash/Loan purchases no longer qualify for the federal 25D credit.

NJ SuSI Program: The 15-Year Income Stream

While federal credits have shifted, the New Jersey SuSI Program (ADI) remains the strongest state-level incentive in America. In 2026, the BPU has set the residential incentive rate at $85.90 per Megawatt-hour (MWh).

This means for every 1,000 kWh your panels produce, the state sends you a check. For an average NJ system, this adds up to over $12,000 in direct income over the 15-year life of the program. At Solar by Omar, we handle the state registration for you so the payments start automatically.

Is Solar Still Worth It in 2026?

Absolutely—in fact, it’s more critical than ever. With the repeal of certain residential tax credits, “Big Utility” is betting that you’ll stay trapped on the grid. However, by using our $0-down solar programs, you can still capture the 30% discount through our partnership with tax-equity providers.

• Sales Tax Exempt: You pay 0% sales tax on all solar equipment (6.625% immediate savings).
• Property Tax Exempt: Your home value goes up, but your taxes stay the same.
• Net Metering: You still receive 1:1 credit for every drop of power you send back to the grid.