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Storage cost in
New Jersey

Updated 4/14/2024

How much do storage systems cost in New Jersey in 2024?

As of April 2024, the average storage system cost in New Jersey is $1600/kWh. Given a storage system size of 13 kWh, an average storage installation in New Jersey ranges in cost from $17,680 to $23,920, with the average gross price for storage in New Jersey coming in at $20,800. After accounting for the 30% federal investment tax credit (ITC) and other state and local storage incentives, the net price you'll pay for solar can fall by thousands of dollars.

Importantly, these costs are typical for shoppers comparing storage quotes on the EnergySage Marketplace. When you compare quotes for solar panels and batteries on EnergySage's competitive marketplace, you can expect to see prices up to 20% lower than working with a single company.

Average storage system cost by system size in New Jersey

System Size System Cost System Cost (after ITC)
10 kWh $16,000 $11,200
13 kWh $20,800 $14,560
20 kWh $32,000 $22,400
26 kWh $41,600 $29,120
Note: you can't claim the federal tax credit without installing solar panels alongside a battery system.

2024 average solar + storage cost in New Jersey

$24,760 - $70,800

There are several variables that impact the price you pay for a solar + storage system: the quality of the equipment you install, the type of inverters you choose, and the storage capacity and chemistry of your battery. This is an average price range for solar + storage installations in your area, and the specifics of your project will change the final price you pay.

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Top 5 quoted battery models in New Jersey

Enphase Energy IQ 10
Enphase Energy IQ Battery 5P
SunPower SunVault
Tesla Powerwall 2
FranklinWH Energy Storage Inc…

Top storage system installers in New Jersey

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