Newark · NJ
Solar Companies in
Newark, NJ
Newark homeowners pay $16,500–$24,000 for a typical 8 kW solar system in 2026. The federal 30% residential tax credit expired December 31, 2025; New Jersey's property tax and sales tax exemptions remain active. At PSE&G's rate of $0.178/kWh, most systems pay back in 9–13 years.
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4.2 hrs/day
Peak Sun Hours
$1,680/yr
Avg. Annual Savings
9–13 yrs
Payback Period
$16,500–$24,000
Avg. System Cost
2026 update: The 30% federal residential solar tax credit (Section 25D) expired December 31, 2025. Homeowners purchasing systems in 2026 cannot claim it. Solar leases and PPAs are the exception — the installer can still claim commercial credits and pass savings through in the monthly rate. Full 2026 ITC guide →
About Solar in Newark
Why Newark Homeowners Are Going Solar in 2026
New Jersey's SREC-II program is the most valuable active state solar incentive in the country in 2026. An 8 kW system in Newark generates roughly 8–10 SRECs per year — at $85–$120 each, that's $680–$1,200 in annual SREC income on top of net metering savings. This income stream runs for 15 years and dramatically improves the economics of ownership versus leasing.
Key solar facts for Newark
- 4.2 peak sun hours per day
- PSE&G average rate: $0.178/kWh
- Average monthly bill: $162
- Popular system size: 8 kW
- Permit timeline: Newark and Essex County permits typically take 3–6 weeks. New Jersey has a state-level solar permitting streamlining initiative, but local variation is significant. PSE&G interconnection adds 4–8 weeks.
Active Incentives
Newark Solar Incentives in 2026
New Jersey SREC-II Program
State CreditNew Jersey's Solar Renewable Energy Certificate II (SREC-II) program pays solar owners for every 1,000 kWh generated. Certificates are sold to utilities to meet renewable portfolio standards. The program provides a 15-year payment stream.
Value: $85–$120 per SREC (market-dependent)
New Jersey Net Metering
Net MeteringPSE&G credits excess solar generation at the full retail rate under New Jersey's net metering law.
Value: Retail rate credit
New Jersey Sales Tax Exemption
Sales TaxSolar energy equipment is exempt from New Jersey's 6.625% sales tax.
Value: 6.625% sales tax savings
New Jersey Property Tax Exemption
Property TaxResidential solar installations are exempt from New Jersey property tax assessments for the life of the system.
Value: 100% exemption on added value
Net Metering in Newark
PSE&G credits excess generation at the full retail rate under New Jersey's net metering law. NJ has one of the strongest net metering policies in the Northeast.
Solar Leases & PPAs in Newark
Solar leases and PPAs are widely available in Newark. New Jersey's high utility rates and SREC-II program make TPO economics strong — some lease structures allow the installer to retain SREC income, so confirm who receives SREC payments before signing.
How much does solar cost in Newark?
Detailed cost breakdown, financing options, and payback analysis for Newark homeowners.
Want national solar cost data? How Much Do Solar Panels Cost in 2026? →
Common Questions
Newark Solar FAQ
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Newark Solar at a Glance
Solar Installers Serving Newark and Surrounding Areas
Our network of pre-vetted solar installers serves Newark and these nearby communities:
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