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NJ LegislatureProposedPublished Jan 13, 2026
Tax Breaks for Businesses That Install Solar Panels
Official title: S659 — Provides corporation business tax and gross income tax credits for certain solar energy system expenditures.
What is this?
This bill gives businesses tax breaks if they spend money on solar energy systems. Companies can reduce the taxes they owe to New Jersey if they install solar panels or other solar equipment. This is meant to encourage more businesses to switch to clean solar energy.
Who does this affect?
- •Businesses and corporations that install solar energy systems
- •New Jersey taxpayers who may benefit from more renewable energy adoption
- •Solar installation companies and workers in the solar industry
- •Property owners considering solar energy investments
What can you do?
1.If you own a business, ask your accountant about solar tax credits when planning energy upgrades
2.Contact your state legislators to support this bill if you want to see more solar energy in New Jersey
3.Request a solar quote for your business to see if these credits could help offset installation costs
Timeline
- 2026-01-13: Bill introduced in New Jersey Senate
What this means for you
This is meant to encourage more businesses to switch to clean solar energy.