New Jersey Solar Incentives, Rebates & Tax Credits (2026)

Your system earns one SREC-II for every megawatt-hour it generates, and New Jersey buys them at a fixed price for 15 years. The rate dropped from $85 to $77 on July 27, 2026 — anything you read quoting $85 or $90 is stale. Registration is first-come, first-served against an annual megawatt block, and the residential block does fill: in March 2026 the prior year's block was down to its last 20 MW and was on track to close early.

Solar energy devices and systems are fully exempt from New Jersey sales tax. You claim it by giving your installer Form ST-4, the Exempt Use Certificate — it is not applied automatically, so confirm your quote reflects it.

New Jersey exempts the entire difference between your home's assessed value with the solar system and its value without it, so a rooftop array never raises your property tax bill. You must file Form CRES with your local assessor to claim it.