New Jersey has been an early leader in solar, and is one of only three states in the US to have more than 1 GW of installed capacity. The market continues to be strong. The market is driven by net metering, a solar RPS and an accompanying SREC market.
Facts on New Jersey's Solar Industry
- There are currently more than 547 solar companies1 at work throughout the value chain in New Jersey, employing 7,071 people2.
- In 2015, New Jersey installed 181 MW of solar electric capacity, ranking it tenth nationally3.
- In 2015, $486 million was invested on solar installations in New Jersey.
- The 1,695 MW of solar energy currently installed in New Jersey ranks the state fourth in the country in installed solar capacity. There is enough solar energy installed in the state to power 267,000 homes.
- Over the next five years, New Jersey is expected to install 1,709 MW of solar electric capacity, ranking the state 12th over that time span. This amount is more than 2 times the amount of solar installed over the last five years.
- Installed solar PV system prices in the U.S. have dropped steadily- by 12% from last year and 66% from 2010.
View more solar industry data.
Notable Solar Installations in New Jersey
- Pilesgrove Solar Project was completed in 2015 by developer Con Edison and Panda Energy. This photovoltaic project has the capacity to generate 18 MW of electricity-- enough to power over 2,800 New Jersey homes4.
- At 9.9 MW, Howell Solar Farm is among the largest solar installations in New Jersey. Completed in 2015 by NJR Clean Energy Ventures, this photovoltaic project has enough electric capacity to power more than 1,600 homes5.
- Several large retailers in New Jersey have gone solar, including FedEx, Johnson & Johnson, Toys 'R Us, and McGraw Hill. Berry Plastic Corporation has installed one of the largest corporate photovoltaic systems in the state with 14,200 kW of solar capacity at their location in Phillipsburg6.
See our solar installations maps.
SEIA New Jersey State Solar Policy Priorities
- Monitor and engage in any dialogue around NEM and ‘next generation’ of solar policy discussions.
- Work with the legislature and other stakeholders to address the post-EY17 reduction in solar market growth required by the current SREC demand curve to ensure that New Jersey continues to be a strong market into the future.
- Improve interconnection protocols, including promoting state-level adoption of FERC’s recent Order on Small Generation Interconnection Procedures encompassing 100% minimum load rule into a state interconnection rules as well ensuring that interconnection protocols put in place enable rather than limit advanced DG configurations (i.e. solar + storage).
Solar Companies in New Jersey
There are currently more than 547 solar companies at work throughout the value chain in New Jersey. These companies provide a wide variety of solar products and services ranging from solar system installations to the manufacturing of components used in photovoltaic panels. These companies can be broken down across the following categories: 79 manufacturers, 16 manufacturing facilities, 312 contractor/installers, 46 project developers, 27 distributors and 83 engaged in other solar activities including financing, engineering and legal support.
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Solar panel costs have fallen significantly in the last 5 years and now installing solar panels can be one of the best investments you can make for your home. There are also now a lot of products on the market utilizing sophisticated financing vehicles to make solar panels for your home affordable. This website will show you the average retail price of installing home solar panels in New Jersey.
Solar rebates and solar tax credits in New Jersey.
Solar incentives are offered at the utility, county, state and federal level. These solar incentives can take various forms including solar tax credits, up front solar rebates, premium feed in tariffs (known as net metering) or solar production incentives.The eligibility and rules for each incentive program can vary greatly. This solar panel calculator allows you to enter your address and it will tell you what solar incentives will apply at your house and the value of these if you go solar.
Finding the right solar company for you:
There are many solar companies in New Jersey offering a wide variety of brands and options. This consumer reviews website will show you the consumer ratings of each solar installer that services your area and will also show you what brands of solar panels.
New Jersey Board of Public Utilities - Learn about the governing body that regulates the electricity rates and services of New Jersey public utilities
New Jersey State Legislature - Track pending legislation affecting solar energy, locate and contact individual legislators, and stay up to date on current legislative issues in
New Jersey's Clean Energy Program - Find a wide variety of information on state government energy programs, policy, projects, energy-saving strategies and energy-related statistics
DSIRE incentives database - New Jersey - Search a public clearinghouse for specific solar energy incentives in New Jersey and across the United States
U.S. Energy Information Administration - New Jersey State Profile - Explore official energy statistics, including data on electricity supply and demand, from the U.S. government