State Overview

New Jersey

National Solar Capacity Ranking: 10th

Data Current Through: Q2 2024

 

New Jersey State Solar Overview

New Jersey has been an early leader in solar and perennial top ten solar state. The New Jersey Solar market continues to be see strong growth and is driven by net metering, a solar RPS and an accompanying SREC market.

SEIA New Jersey State Policy Priorities

  • Establish interim successor incentive program to the current SREC program and set up the path to a long-term incentive program
  • Help expand the size of the community solar pilot and relax some of the land-use restrictions on large-scale solar.

Just The Facts

  • State

    New Jersey

  • Solar Installed (MW):

    5,434

  • State Ranking, Cumulative Capacity Installed:

    10th

  • State Ranking, Capacity Installed in 2023:

    17th

  • Enough Solar Installed to Power:

    890,869 homes

  • Percentage of State's Electricity from Solar:

    7.41%

  • Solar Jobs:

    6,628

  • Solar Companies in State:

    459 (79 Manufacturers, 257 Installers/Developers, 123 Others)

  • Total Solar Investment in State:

    $15.2 billion

  • Prices have fallen:

    43% over the last 10 years

  • Growth Projection and Ranking:

    2711 MW over the next 5 years (ranks 23rd)

  • Number of Installations:

    198,614

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New Jersey State Solar Policy Resources