New Jersey Solar Incentives — Complete Guide
SREC-II — Successor Solar Incentive (SuSI) Program
New Jersey has one of the most lucrative solar incentive programs in the country.
How It Works
Under the SuSI program's Administratively Determined Incentive (ADI) track, residential solar owners earn SREC-II certificates that are redeemed for a fixed, guaranteed payment:
- SREC-IIs are separate from your net metering credits — you earn both
- Venture Home registers your system with the New Jersey Clean Energy Program (NJCEP) and the PJM-EIS GATS tracking system on your behalf
- Payments are made through InClime, the SREC-II administrator, once your system is certified
Value
Fixed payment per SREC-II (varies by project size and type — contact your project manager for current rates).
Learn more: njcleanenergy.com/susi
Property Tax Exemption
New Jersey law exempts the added value of solar installations from local property taxes.
Your solar system increases your home's market value, but that increase is fully excluded from your property tax assessment.
Savings
With New Jersey's average effective property tax rate of approximately 2.3%, this saves the typical homeowner around $1,000 per year on property taxes.
How to Apply
To ensure the exemption is properly applied, contact your local property tax assessor after installation and confirm your solar system certification is on file.
Sales Tax Exemption
New Jersey provides a complete exemption from state sales tax for all solar energy equipment, including:
- Panels
- Inverters
- Mounting hardware
- Battery storage
Applied automatically at the point of sale — no application needed.
Quick Summary
| Incentive | Value | How to Claim |
|---|---|---|
| SREC-II Program | Fixed payment per SREC | VH handles registration |
| Property Tax Exemption | Full exemption (saves ~$1,000/yr) | Contact local assessor |
| Sales Tax Exemption | Full exemption | At purchase |
Questions? Contact Customer Success at 800-203-4158.