Solar Savings Calculator for Paterson, NJ

Homeowners in Paterson pay an average of $160/month for electricity through PSE&G. With 4.2 peak sun hours per day, solar panels can significantly reduce your energy costs.

$160
Avg Monthly Bill
18.5¢/kWh
Electricity Rate
4.2h/day
Peak Sun Hours
$53,300
Est. 25-Year Savings

Calculate Your Savings in Paterson

Adjust Your Details for Paterson, 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
$1,920
Payback Period
7.1 years
25-Year Savings
$53,300
Return on Investment
393%

* Estimates based on 4.2 peak sun hours/day in Paterson, 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 Paterson

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 Paterson, 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 CityElizabethEdisonTrentonCherry Hill

More Solar Tools for Paterson

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

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