NewarkSolar Incentives 2026: Rebates, Tax Credits & Net Metering
Newark homeowners installing in 2026 cannot claim the federal residential credit. What remains is PSE&G net metering. At 4.6 peak sun hours a day, a home with a $150/month bill (about 1,071 kWh) needs roughly a 9.7 kW system — 25 panels — and pays back in about 6.7 years.
Solar Incentives Available in Newark
The federal residential credit does not apply to a Newark system installed in 2026. New Jersey does not add a state income tax credit in this dataset. PSE&G sets the local rules for crediting the solar power you export.
Newark homes earn SREC-II income on top of net metering, one of the most lucrative solar incentive stacks in the US.
How Much Solar Newark Homes Produce
Newark gets 4.6 peak sun hours a day, so each 1 kW of panels produces about 1,343 kWh per year here. A 9.7 kW system — the size that fits a typical $150/month PSE&G bill — generates roughly 13,029 kWh annually, worth about $1,824 in avoided electricity in year one and more as rates rise.
PSE&G Net Metering in Newark
PSE&G credits excess solar generation from Newark homes under New Jersey's modified net metering (~70–90% of retail). A right-sized system can bring net annual electricity costs close to zero. See full New Jersey net metering rules →
How Much Do Solar Panels Cost in Newark?
At New Jersey's 2026 average of $2.95/watt, the 9.7 kW system most Newark homes need runs about $28,615 before incentives. The federal residential credit is $0. NJ SREC income is included where the state record has it. Net cost in this model is about $13,215, with payback around 6.7 years. Those figures use $0 federal credit.
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Frequently Asked Questions
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See your exact Newark solar savings
Enter your PSE&G bill. The calculator uses $0 federal credit plus New Jersey incentives — system size, net cost, payback, and 25-year savings.