New Jersey · Net metering · Deep-stack program
NJ Net Metering
Sets the billing terms for excess solar generation sent back to the grid by residential customers in New Jersey -- see the credit rate and how it shapes payback below.
- Retail rate credit
- stated benefit
- Residential
- eligible customers
- 12.8 yr
- New Jersey baseline payback
- 4
- other New Jersey programs
Deep-stack program · early directory
New Jersey runs a 5-program DSIRE stack; this net metering is one layer on a 12.8-year modeled baseline, not the whole story.
- Stack5 programs
- In-state #1/4
- Type #28/46
- Baseline12.8 yr
In-state directory place #1 of 4 (early alphabet). National net metering directory #28 of 46. Amounts and eligibility change; verify with the official program page before relying on a dollar figure. Informational only - not financial advice. See our disclaimer.
Program description
New Jersey provides full retail net metering for systems up to 2 MW.
Program at a glance
- Program type
- Net metering
- Eligible customers
- Residential
- Stated benefit
- Retail rate credit
- State electricity rate
- 18.5¢/kWh
- New Jersey solar score
- 34/100
Solar's trajectory in New Jersey
The market this incentive operates in: total installed solar capacity in New Jersey reported to the EIA.
New Jersey's solar incentive stack
How this net metering sits among New Jersey's 4 tracked programs, by type
- Tax exemption
Tax exemption
2 programs
- Net metering
Net metering
1 programs
- SREC
SREC
1 programs
What this shows New Jersey tracks 3 incentive types; net metering (1 program) governs the billing side, while the state's other tracked types handle upfront cost or ongoing payments.
How this net metering layers inside New Jersey's deep stack
The NJ Net Metering governs how New Jersey credits excess solar generation sent back to the grid, one of the state's DSIRE-tracked solar policies. Eligibility is scoped to residential customers, with a stated benefit of Retail rate credit. DSIRE lists no scheduled sunset, though enabling legislation and appropriations can still be revised year to year.
That baseline is slower than most states, which raises the stakes for every incentive on the table. New Jersey averages 4.5 kWh/m²/day of usable sunlight and residential rates of 18.5¢/kWh, producing an estimated 7,884 kWh/year and $1,459 of annual utility offset on a typical 6 kW system costing $18,600. That baseline already implies a 12.8-year simple payback and a 25-year modeled net of roughly $17,875 before this incentive - every dollar this net metering delivers compresses that payback further.
New Jersey bundles a deep incentive stack, so this program rarely stands alone. New Jersey has 5 solar incentive programs indexed in DSIRE, including adjacent options like NJ Renewable Energy Property Tax Exemption, NJ Solar Sales Tax Exemption, NJ Transition Renewable Energy Certificate (TREC/SREC-II). The state's net-metering policy is classified as full, which governs how excess generation is credited and often decides whether a given program is worth claiming for a specific household.
Other New Jersey incentives
Frequently asked questions
Where does the NJ Net Metering sit in New Jersey's deep program stack?
How does this net metering work beside New Jersey's other programs?
Who qualifies, and why is this an early in-state directory row?
How does this incentive affect solar ROI in New Jersey?
Which other New Jersey programs stack with this one?
Incentive data from the DSIRE (Database of State Incentives for Renewables & Efficiency); state solar economics from NREL and the U.S. EIA. See our methodology · New Jersey solar data · ROI calculator · All incentives.