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Solaris Blog - New Jersy Solar Rebates

New Jersey Solar Rebates and Incentives

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New Jersey had the hard-earned title of the strongest state for solar in 2011 due to its aggressive renewable energy incentive and rebates, since then its rate of growth has continued in an upward trend. The state waives sales tax for solar panels, reduces property tax, provides rebates and offers production incentives to commercial and residential properties that purchase renewable energy systems with a range between $100 to thousands; depending on the system and program. The state was also the first to enact the now widely popular Renewable Energy Portfolio Standard (REPS). New Jersey’s REPS require utility companies to get 20.38% of their power from Class I and Class II renewable energy sources by 2021, and 4.1% from solar by 2028.

Their Solar Renewable Energy Certificate Registration Program allows utilities whose production portfolio does not meet the mandate to certificates from renewable producers to offset their non-renewable production. This is highly beneficial not only for the utility companies, but for residents who are spared from compensating utilities for their excess energy. Like many leaders in renewables, the state also has a strong net metering policy that assists homeowners in offsetting their initial cost of solar, and financially benefits them by compensating them for their excess energy production.

Financial Incentives and Rebates


Industry Recruitment / Support:
  • Edison Innovation Clean Energy Manufacturing Fund - Grants and Loans
  • Edison Innovation Green Growth Fund Loans
  • Wind Manufacturing Tax Credit
Other Incentive:
  • PSE&G - Solar Loan Program
  • Utility Solar Financing Programs (ACE, JCP&L, RECO)
PACE Financing:
  • Grid-Connected Renewables Program
  • Solar Renewable Energy Certificates (SRECs)
Performance-Based Incentive:
  • Assessment of Farmland Hosting Renewable Energy Systems
  • Property Tax Exemption for Renewable Energy Systems
Property Tax Incentive:
  • Assessment of Farmland Hosting Renewable Energy Systems
  • Property Tax Exemption for Renewable Energy Systems
Sales Tax Incentive:
  • Solar Energy Sales Tax Exemption
State Grant Program:
  • Clean Energy Solutions Large Scale CHP and Fuel Cells Program
  • Small Scale CHP and Fuel Cell Incentive Program
State Loan Program:
  • Clean Energy Solutions Energy Efficiency Revolving Loan Fund
  • Home Performance with Energy Star Program
State Rebate Program:
  • Cool Advantage Program
  • Energy Star Homes Program
  • Energy Star Product Rebates
  • Home Performance with Energy Star Program
  • New Jersey Comfort Partners Program
  • New Jersey Renewable Energy Incentive Program
  • New Jersey SmartStart Buildings - Direct Install Program
  • New Jersey SmartStart Buildings - New Construction and Retrofits
  • New Jersey SmartStart Buildings - Pay for Performance Program
  • Warm Advantage Program
Utility Grant Program:
  • PSE&G - Commercial Efficiency Program
  • PSE&G - Government Facility Efficiency Program
  • PSE&G - Residential Efficiency Program
Utility Loan Program:
  • New Jersey Natural Gas - Save Green On-Bill Financing Program
Utility Rebate Program:
  • New Jersey Natural Gas - Save Green Residential Rebate Program


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