Solar Savings Calculator for Edison, NJ

Homeowners in Edison pay an average of $170/month for electricity through PSE&G. With 4.3 peak sun hours per day, solar panels can significantly reduce your energy costs.

$170
Avg Monthly Bill
18.5¢/kWh
Electricity Rate
4.3h/day
Peak Sun Hours
$56,681
Est. 25-Year Savings

Calculate Your Savings in Edison

Adjust Your Details for Edison, NJ

$
$50$1,000
50010,000
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Your Estimated Solar Savings

System Size
7.2 kW
Panel Count
18 panels
Total System Cost
$20,520
Federal Tax Credit (30%)
-$6,156
Net Cost
$14,364
Annual Savings
$2,040
Payback Period
7 years
25-Year Savings
$56,681
Return on Investment
395%

* Estimates based on 4.3 peak sun hours/day in Edison, 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 Edison

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 Edison, 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.

30% of system cost

New Jersey TREC Program

Transition Renewable Energy Certificates with fixed pricing for 15 years.

~$90 per TREC (fixed price)

New Jersey Solar Sales Tax Exemption

Solar panels and related equipment are exempt from NJ sales tax.

No sales tax on solar equipment

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