Are Solar Panels Worth It in New Jersey? Data-Backed Analysis
~
Maybe
Solar may be worth it in New Jersey depending on your situation.
The Numbers
Average System Cost
$0
21.3 kW system
Federal Residential Credit (2026)
$0
No new credit after Dec. 31, 2025
Observed Records
192,243
95% residential
Factors in Favor
- ✓192,243 installations demonstrate strong market adoption
- ✓95% residential - strong homeowner adoption
New Jersey vs National Average
| Metric | New Jersey | National |
|---|---|---|
| Cost per Watt | - | $4.18 |
| Total Installations | 192,243 | 3,426,466 |
| Total Capacity | 4,092 MW | - |
Frequently Asked Questions
The observed average implies a system cost of approximately $0 (avg 21.3 kW system at $0.00/W). This is a historical dataset estimate, not a current installer quote.
New residential systems placed in service in 2026 do not qualify for the federal Residential Clean Energy Credit under current IRS guidance. State, local and utility programs may still apply; verify current eligibility with each program administrator.
New Jersey has 192,243 solar installations, showing strong market adoption. Whether solar is worth it depends on your specific situation, electricity usage, and roof orientation.
Source: LBNL Tracking the Sun, U.S. Department of Energy, EIA. Costs and savings are modeled from historical averages and may vary. New 2026 residential installations receive no federal Residential Clean Energy Credit under current IRS guidance.