Net Metering in New Jersey — 2026 Rules & Credits
Updated 2026-07-07 · MySunROI Research
Net metering rules in New Jersey determine how much you get paid for excess solar sent to the grid. This directly affects payback (9.8 years avg) and whether a battery makes sense.
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How net metering works
When panels produce more than you use, surplus energy flows to the grid. Your utility credits your account — at retail, avoided-cost, or buyback rates depending on policy.
New Jersey SREC market historically boosted solar ROI; program transitions continue under TREC/Successor programs. High electricity rates in PSE&G and JCP&L territory support payback.
- Daytime surplus → bill credits
- Evening usage → draw from credits
- Annual true-up may settle remaining balance
New Jersey net metering policy
NJ SuSI program provides per-kWh incentives for new systems. Combine with 30% federal ITC. Program capacity fills — apply early.
New Jersey has above-average install costs but incentives and $0.17+/kWh rates support 7–9 year payback.
Net metering vs battery storage
If export credits are low in New Jersey, batteries store solar for evening use. Add-on cost: $10,800 before ITC.
New Jersey quick stats
- 6 kW after ITC
- $13,860
- Payback
- 9.8 years
- Electric rate
- 17.8¢/kWh
- Annual savings
- $1,420
Frequently Asked Questions
Does New Jersey have full retail net metering?
NJ SuSI program provides per-kWh incentives for new systems. Combine with 30% federal ITC. Program capacity fills — apply early.…
Can I go off-grid?
Grid-tied systems with net metering are standard. Off-grid requires batteries and is rarely cost-effective for suburban homes.
Related pages
How We Calculate Solar Costs
MySunROI estimates combine NREL residential PV installed-price benchmarks, EIA state electricity rates, and regional labor modifiers — updated 2026-07-07.
Estimates only — not tax or financial advice. Estimates based on NREL PV cost benchmarks, EIA electricity rates, and 2026 installer pricing surveys.