Solar Savings Calculator for Cherry Hill, NJ
Homeowners in Cherry Hill pay an average of $172/month for electricity through PSE&G. With 4.4 peak sun hours per day, solar panels can significantly reduce your energy costs.
Calculate Your Savings in Cherry Hill
Adjust Your Details for Cherry Hill, NJ
Your Estimated Solar Savings
* Estimates based on 4.4 peak sun hours/day in Cherry Hill, NJ, system cost of $2.85/watt, 30% federal ITC, 3% annual electricity inflation, and 0.5% annual panel degradation over 25 years. Actual results may vary.
Local Solar Details for Cherry Hill
Utility & Permits
- Utility Company
- PSE&G
- Permit Cost
- $425
- Permit Timeline
- 3-5 weeks
- Net Metering
- full
System Estimates
- Recommended Size
- 7.2 kW
- Panel Count
- 18 panels
- Gross Cost
- $20,520
- Net Cost (after credits)
- $14,364
Available Incentives for Cherry Hill, NJ
Federal Solar Investment Tax Credit (ITC)
Reduces federal income tax liability by 30% of the total cost of a solar energy system, including equipment and installation.
New Jersey TREC Program
Transition Renewable Energy Certificates with fixed pricing for 15 years.
New Jersey Solar Sales Tax Exemption
Solar panels and related equipment are exempt from NJ sales tax.
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