New Jersey Solar Incentives Take advantage of federal and state incentives to maximize your solar savings 60% Average Energy Bill Reduction Average Solar Cost in NJ $25,000 30% Federal Tax Credit -$7,500 NJ TRECs (10 years) -$3,000 NJ TRECs (10 years) -$3,000 Your Net Cost $12,500 30% Federal Tax Credit Get 30% of your solar system cost back as a federal tax credit. No cap on the credit amount. NJ TRECs Program Earn Solar Renewable Energy Certificates for every MWh your system produces over 10 years. Net Metering Sell excess energy back to the grid and receive credits on your utility bill. You can save up to 60% on energy bills! With incentives and net metering, most NJ homeowners seesignificant savings from day one. Ready to Go Solar? Get a custom quote for your property today! Get a Quote