New JerseySolar Rebates — Utility, State & Local Programs
New Jersey solar rebates in 2026 come from the state, regulated utilities, and local programs. The federal residential credit does not apply to a system installed in 2026, so these programs do not stack with it.
State-Level Programs
New Jersey does not offer a state-level cash rebate or income tax credit specifically for residential solar in 2026, and the federal residential credit does not apply to a 2026 install. Utility programs, if any are open, are the remaining up-front cash incentives.
New Jerseyalso exempts the added home value from solar from property tax assessments — a recurring benefit worth roughly $250-$400 per year for the system's lifetime.
New Jersey additionally exempts solar equipment from sales tax at the point of purchase, removing another 4-7% from up-front equipment cost.
Utility Rebate Programs
The following utilities operate in New Jersey and may run rebate programs at any given time. Program availability is volatile — utilities open and close incentive windows multiple times per year, often without notice. Check directly with your utility before committing to an installation timeline.
NJ SREC Income
On top of rebates, the NJ SREC market pays homeowners for every megawatt-hour of solar they produce. Average five-year SREC income for a typical residential system in New Jersey: $15,400. SRECs are tradable and clearing prices vary year to year based on Renewable Portfolio Standard demand.
How Rebates Stack
For a system installed in 2026 there is no federal residential credit to reduce, so a utility rebate does not change a federal credit basis. State income tax credits, where they exist, are claimed against state tax liability. Confirm the current rebate with the utility before you sign.