Solar Savings Calculator for Elizabeth, NJ

Homeowners in Elizabeth pay an average of $162/month for electricity through PSE&G. With 4.3 peak sun hours per day, solar panels can significantly reduce your energy costs.

$162
Avg Monthly Bill
18.8¢/kWh
Electricity Rate
4.3h/day
Peak Sun Hours
$54,136
Est. 25-Year Savings

Calculate Your Savings in Elizabeth

Adjust Your Details for Elizabeth, NJ

$
$50$1,000
50010,000
5¢50¢

Your Estimated Solar Savings

System Size
6.8 kW
Panel Count
17 panels
Total System Cost
$19,380
Federal Tax Credit (30%)
-$5,814
Net Cost
$13,566
Annual Savings
$1,944
Payback Period
7 years
25-Year Savings
$54,136
Return on Investment
399%

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

Utility & Permits

Utility Company
PSE&G
Permit Cost
$450
Permit Timeline
3-5 weeks
Net Metering
full

System Estimates

Recommended Size
6.8 kW
Panel Count
17 panels
Gross Cost
$19,380
Net Cost (after credits)
$13,566

Available Incentives for Elizabeth, 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

Other Cities in New Jersey

NewarkJersey CityPatersonEdisonTrentonCherry Hill

More Solar Tools for Elizabeth

Elizabeth Solar IncentivesAll available tax credits and rebatesElizabeth Cost ComparisonSolar vs. grid costs over 25 yearsElizabeth System SizingHow many panels your home needsElizabeth Permits & RegulationsLocal permit requirementsIs Solar Worth It in Elizabeth?Data-driven analysis for your cityElizabeth Financing OptionsCompare loans, leases, and PPAs

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