Solar Payback Calculator New Jersey – 6 kW System
Estimate your solar panel payback in New Jersey: a 6 kW system at 4.2 peak-sun hours and $0.18/kWh, with local incentives. Runs 100% in your browser.
Runs locally in your browser — no upload, no trackingTry: System size=6, Peak sun hours=4.2, Performance ratio (0–1)=0.85, Electricity rate=0.18, Installed cost=2.8, Federal ITC=30, State incentive=0, Annual elec. price rise=0.03, Net metering credit (0–1)=0.95 → 7,818 kWh/yr, $1,337/yr, $11,760, 8.8 years, $48,743
How to use
New Jersey has strong net metering and the TREC program paying per MWh of solar produced, which shortens payback despite lower sun than the Sun Belt. This page pre-fills a 6 kW system with New Jersey's 4.2 peak-sun hours, $0.18/kWh rate and a net metering credit of 0.95. Adjust the system size, installed cost and federal ITC, then press Calculate.
The simple payback divides your net cost (after the 30% federal ITC) by your first-year savings. Because electricity prices usually rise, the 25-year total understates your real savings if you leave the 3% default in place.
FAQ
What is the solar payback period in New Jersey?
It depends on system size, your 0.18/kWh rate and local incentives, but New Jersey's 4.2 peak-sun hours make a 6 kW system produce roughly 7,818 kWh a year. Enter your details above for the exact break-even year.