Solar Payback Period in New Jersey (2026)
Updated 2026-07-07 · MySunROI Research
The average solar payback period in New Jersey is 9.8 years for a 6 kW system (2026). After break-even, electricity savings continue for 15–20+ more years.
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Payback timeline
Net install cost after 30% ITC: $13,860. Annual savings: ~$1,420. Simple payback ≈ 9.8 years.
Actual payback varies by system size, roof, shading, and rate plan.
- Low: 7.2 years · Avg: 9.8 · High: 13.7 years
What affects payback in New Jersey
New Jersey has above-average install costs but incentives and $0.17+/kWh rates support 7–9 year payback.
- Electricity rate (17.8¢/kWh)
- Install cost ($3/watt)
- Production (4.3 peak sun hours)
- Compare SuSI incentive tier at application time
- South Jersey vs. North Jersey labor costs differ
Savings after payback
30-year savings: $29,000–$48,900.
New Jersey quick stats
- 6 kW after ITC
- $13,860
- Payback
- 9.8 years
- Electric rate
- 17.8¢/kWh
- Annual savings
- $1,420
Frequently Asked Questions
Average payback in New Jersey?
9.8 years for a 6 kW system after ITC.
Is 10 years good?
Yes — under 12 years is solid; under 8 is excellent.
Related pages
How We Calculate Solar Costs
MySunROI estimates combine NREL residential PV installed-price benchmarks, EIA state electricity rates, and regional labor modifiers — updated 2026-07-07.
Estimates only — not tax or financial advice. Estimates based on NREL PV cost benchmarks, EIA electricity rates, and 2026 installer pricing surveys.