NJ updates how it pays homeowners for rooftop solar
Official: BPU Order — Successor Solar Incentive (SuSI) Program 2026 Adjustments
Reading: Lowers SREC-II payment values for most residential systems.
If you're thinking about rooftop solar, the math is still strong but slightly less generous than last year — and the wait to get connected should drop.
In clear language
The Board of Public Utilities tweaked how much homeowners and businesses get paid for the electricity their solar panels produce. The change takes effect April 1, 2026. Most residential systems will see slightly lower per-megawatt-hour payments, but faster approval timelines.
How does this affect you?
Pick the type of resident or organization you most identify with — we'll generate a plain-language breakdown of what changes for you and what you can do about it.
Who does this affect?
- Homeowners considering rooftop solar installations
- Small businesses with rooftop or parking-canopy solar
- Community solar subscribers
- NJ solar installers and developers
What can you do?
- Get multiple quotes — payback periods shifted, so old numbers may be out of date
- Ask your installer to model both old and new SREC-II values
- Check if you qualify for the low-to-moderate income adder (20% bonus)
Timeline
- April 1, 2026 — New incentive values in effect
- July 1, 2026 — BPU mid-year review
No New Jersey official has a verified action on this policy yet.
Related policies
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Bergen County opened a group-buy program where residents can sign up together to get lower solar installation prices. Enrollment runs through summer 2026. Installers are pre-vetted by the county.
- Executive OrderFeb 22, 2026Federal IRA residential clean energy credits extend through 2032
The federal 30% tax credit for home solar, batteries, heat pumps, and geothermal is confirmed through 2032. It starts phasing down in 2033. Credits can be claimed even if you have no tax liability this year — they roll forward.
- BPUApr 12, 2026NJ refills its EV rebate program with $35M more
NJ added $35 million to its EV rebate program. Residents can still get up to $2,000 off a new EV, or up to $4,000 if they qualify as low-to-moderate income. The new funding runs through mid-2027.
- BPUMar 18, 2026Newark launches heat pump rebates for renters and small landlords
Newark added a city-level rebate for installing heat pumps in small apartment buildings. Landlords of 2-4 unit properties can stack this on top of state rebates. Renters benefit through lower energy bills.