Solar Panel Cost Calculator for New Jersey
Estimate a solar system's cost in New Jersey, with the state's average price per watt, electricity price and solar output loaded.
Your result
Enter your numbers and press the button. Your result appears here.
Solar in New Jersey averages $2.60 per watt on EnergySage, the same as the U.S. average of $2.60. An 8 kW system comes to about $20,800 before incentives.
How it works
Size (kW) = monthly kWh × 12 × share covered ÷ yearly kWh per kW. Cost = size in watts × price per watt + batteries − rebates.
Example: 8.0 kW (20 × 400 W) at $2.60 per watt costs about $20,800 and makes about 10,440 kWh a year.
New Jersey solar figures
| Average installed price | $2.60 per watt |
|---|---|
| Residential electricity price | 24.09¢ per kWh (U.S. 18.19¢) |
| Yearly output of 1 kW of panels | 1,305 kWh (U.S. 1,367) |
| Peak sun hours | 4.66 a day |
| 8 kW system | $20,800 before incentives |
| First-year savings, 8 kW | $2,515 |
| Payback, 8 kW | 8.4 years |
| 25-year net gain, 8 kW | $38,443 |
At a glance
Same settings as the calculator, changing only the system size.
| System size | Size | Cost | kWh a year | Payback |
|---|---|---|---|---|
| 4 kW | 4.0 kW | $10,400 | 5,220 | 8.3 yrs |
| 6 kW | 6.0 kW | $15,600 | 7,830 | 8.3 yrs |
| 8 kW | 8.0 kW | $20,800 | 10,440 | 8.3 yrs |
| 10 kW | 10.0 kW | $26,000 | 13,050 | 8.3 yrs |
| 12 kW | 12.0 kW | $31,200 | 15,660 | 8.3 yrs |
| 15 kW | 15.2 kW | $39,520 | 19,836 | 8.3 yrs |
Common questions
How much do solar panels cost in 2026?
EnergySage marketplace quotes average $2.60 per watt nationally, or about $20,800 for an 8 kW system, before incentives. State averages run from $2.12 in Florida to $3.72 in Alabama.
What size solar system do I need?
Divide your yearly use in kWh by the yearly output of 1 kW of panels where you live. The average U.S. home used 865 kWh a month in 2024, which takes about 7.6 kW at the national average output.
Is there still a federal solar tax credit?
Not for homeowners who buy their system. The 30% Residential Clean Energy Credit ended for systems installed after December 31, 2025. Leased systems and PPAs can still carry a business credit (48E) that the installer claims.
Why do solar quotes vary so much?
Equipment is only about a third of the price. Sales, marketing, overhead and profit make up about 40% in EnergySage's breakdown, so installers' prices differ widely.
Sources
- EnergySage, Solar panel cost by state (updated November 6, 2026): https://www.energysage.com/local-data/solar-panel-cost/
- U.S. EIA, Electric Power Monthly, Table 5.6.B (residential price, Jan–Aug 2026): https://www.eia.gov/electricity/monthly/epm_table_grapher.php?t=epmt_5_6_b
- NREL PVWatts v8 (20° tilt, south-facing, 14% losses), state results compiled by TheGreenWatt: https://thegreenwatt.com/average-peak-sun-hours-by-state/
- EnergySage, Solar battery backup cost (H1 2026): https://www.energysage.com/energy-storage/solar-battery-backup/