Solar Savings Calculator for Jersey City, NJ

Homeowners in Jersey City pay an average of $165/month for electricity through PSE&G. With 4.3 peak sun hours per day, solar panels can significantly reduce your energy costs.

$165
Avg Monthly Bill
18.8¢/kWh
Electricity Rate
4.3h/day
Peak Sun Hours
$55,390
Est. 25-Year Savings

Calculate Your Savings in Jersey City

Adjust Your Details for Jersey City, NJ

$
$50$1,000
50010,000
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
$1,980
Payback Period
6.9 years
25-Year Savings
$55,390
Return on Investment
408%

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

Utility & Permits

Utility Company
PSE&G
Permit Cost
$500
Permit Timeline
4-6 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 Jersey City, 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

More Solar Tools for Jersey City

Ready to Go Solar in Jersey City, NJ?

Ready to Go Solar in Jersey City?

Get a free personalized quote for your Jersey City home. We handle permits, installation, and utility interconnection.

Get Your Free Quote