Solar Panel Cost in
New Jersey

Updated 6/8/2019

How much do solar panels cost in New Jersey in 2019?

As of September 2019, the average solar panel cost in New Jersey is $3.05/W. Given a solar panel system size of 5 kilowatts (kW), an average solar installation in New Jersey ranges in cost from $12,962 to $17,538, with the average gross price for solar in New Jersey coming in at $15,250. After accounting for the 30% Federal Investment Tax Credit (ITC) and other state and local solar incentives, the net price you'll pay for solar can fall by thousands of dollars.

2019 average solar panel cost graph in New Jersey

for a 5kW system

Great Price
$12,962 or less
Market Average
$15,250
Above Market
$17,538 or more

Solar installation costs do not include the 30% Federal Investment Tax Credit or local incentives. Learn more about local NJ incentives, tax credits & rebates.

Payback Period

4.98 Years

20-Year Savings

$61,961

Cost per Watt

$3.05

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True Cost of Solar Guide™ for New Jersey

Download EnergySage’s DIY worksheet to better understand what solar should cost in your state

Don’t get sold on the hype! Find out what solar should actually cost before you talk to your first sales rep. This PDF worksheet will walk you through the simple calculations you can make to determine what size solar PV system you need, and approximately how much it should cost.