New Jersey Energy Incentives
Federal and state programs for solar, battery, EV, and efficiency upgrades.
Key Programs
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Federal Incentives
Deduct 30% of the total cost of your solar energy system from your federal income taxes. Includes panels, inverters, racking, wiring, installation labor, and permitting.
Standalone battery storage systems of 3 kWh or larger qualify for the 30% federal tax credit, even without solar. Added by the Inflation Reduction Act.
Tax credit for purchasing a new qualifying electric vehicle. Amount depends on battery sourcing and manufacturing requirements.
30% credit on qualified heat pump costs, up to $2,000 per year. Can be claimed annually (not a one-time credit).
30% credit on insulation, windows, doors, and energy audits. Annual limit of $1,200 (separate from the $2,000 heat pump limit).
State Programs
New Jersey's solar incentive program pays per MWh of solar produced. TRECs have replaced SRECs for new systems. Payment rate is set by the Board of Public Utilities.
Solar and wind energy systems are exempt from New Jersey's sales tax.