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New Jersey · Updated August 2026
How net metering works in New Jersey
How New Jersey net metering actually works, what your exported power is worth, and how it stacks with SREC-II certificates under the SuSI program.
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The numbers
What New Jersey actually offers in 2026
| Measure | Current | Detail |
|---|---|---|
| Credit rate | Full retail | 1:1 against what you buy |
| SREC-II under SuSI | Fixed price | 15-year term, separate from net metering |
| State sales tax exemption | Full | 7% on equipment and installation |
| Property tax exemption | 100% | Added home value is not taxed |
| PSE&G all-in rate | ~26¢ | Your export value tracks your retail rate |
Figures as published August 2026. Utility rates change on published schedules — check your own bill for the rate that applies to your account.
Why the number is what it is
Two income streams, not one
Net metering credits you against what you buy. SREC-IIs pay you separately for what you generate. They are independent, and a New Jersey system earns both.
At a PSE&G rate of roughly 26¢, every exported kilowatt-hour offsets 26¢ of purchased power. The SREC-II certificate is on top of that, at a fixed price over a fifteen-year term.
Certificates belong to the system owner
As in New Jersey, SREC-IIs go to whoever owns the panels. Under a lease or a power purchase agreement the system owner keeps them.
That is not hidden and it is not unfair — it is part of why $0-down is possible — but it should be explicit when you compare owning against subscribing.
The federal residential credit ended. Here is what that actually means.
The 30% federal Residential Clean Energy Credit under Section 25D ended for systems purchased after December 31, 2025. If you buy a system with cash or a loan in 2026, you cannot claim it. Any site still advertising "30% federal tax credit" for a homeowner purchase is running outdated information.
What remains is Section 48E, the commercial investment credit. It applies to third-party-owned systems — leases and power purchase agreements — where the system owner claims it rather than the homeowner. That is precisely what makes $0-down possible: the credit stays with whoever owns the equipment, and under a PPA that is not you.
We would rather tell you that plainly than let you find out at tax time.
Two ways to pay for solar, and they are very different
If you buy the system
You own the equipment, you keep any renewable energy credits, and you carry the maintenance responsibility. Installed pricing varies by roof, shading and system size.
If you use a PPA
$0 upfront. We install and own the system; you buy the power it produces at a rate set in your agreement, and you only pay for what it actually generates. The system owner carries maintenance for the life of the agreement.
The residential federal tax credit (25D) ended for systems purchased after December 31, 2025.
You will still see ads promising a 30% credit that “ends December 31.” Read the date on them. If you buy a system today as a homeowner, you cannot claim that credit. What remains applies to the owner of the system — which, under a PPA, is us. SolarAmerica does not provide tax advice; talk to your tax professional about your situation.
Who you would be working with
SolarAmerica
We design your system and manage the project; installation is performed by vetted licensed partners in your area.
New Jersey questions
The things people actually ask
Why is New Jersey's Price to Compare lower than PPL's but the all-in rate higher?
Because the two numbers measure different things. New Jersey's supply charge is lower; its distribution charges and riders are higher. What matters to your budget is the all-in figure — your bill divided by your kilowatt-hours.
How often does this change?
Four times a year: March, June, September and December.
Can I shop for supply?
Yes. New Jersey is deregulated, and switching suppliers changes only the supply portion of your bill.
See what your roof and New Jersey actually add up to
About 60 seconds. No cost, no obligation, and we will tell you if solar does not make sense for your home.
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