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    Is solar worth it in New Jersey?

    Energy CostsNovember 5, 20263 min readEnergy Company team

    Yes, for long-term price certainty. New Jersey's average residential rate was 24.61 cents per kWh in August 2026, net metering is unchanged after the BPU's May 2026 review, and SREC-II payments fell from $85 to $77 from July 27, 2026, including for leased systems.

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    Written by Energy Company team

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    Frequently asked questions

    Is net metering changing in New Jersey?
    No. The BPU left net metering unchanged in its May 21, 2026 order.
    What happened to New Jersey SREC payments?
    SREC-II payments fell from $85 to $77 from July 27, 2026, and the same applies to leased systems.
    Is there a New Jersey home battery program?
    A home battery program has been proposed but not approved. Governor Sherrill also ordered a solar and storage emergency order and a virtual power plant program within 180 days.

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