Solar by state › New Jersey › Newark
Solar panels in Newark, NJ: cost and savings
In Newark, NJ, each kW of solar produces about 1,250 kWh a year. A home with a $150 monthly PSE&G bill needs roughly 6.5 kW, which costs about $19,400 before incentives and saves about $1,620 in the first year.
Updated 2026-10-20. Production uses the New Jersey average until city data is refreshed. See methodology.
Savings by electric bill in Newark
| Monthly bill | System size | Cost before incentives | Year-1 savings | Payback (buy) |
|---|---|---|---|---|
| $100 | 4.3 kW | $13,000 | $1,080 | 11 yrs |
| $150 | 6.5 kW | $19,400 | $1,620 | 11 yrs |
| $250 | 10.8 kW | $32,400 | $2,700 | 11 yrs |
| $350 | 15.1 kW | $45,400 | $3,780 | 11 yrs |
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Frequently asked questions
How much do solar panels cost in Newark?
In Newark, NJ, each kW of solar produces about 1,250 kWh a year. A home with a $150 monthly PSE&G bill needs roughly 6.5 kW, which costs about $19,400 before incentives and saves about $1,620 in the first year.
Who is the electric utility in Newark?
Most Newark homes are served by PSE&G. New Jersey credits exported solar at close to the retail rate under its net metering rules.
How many solar quotes should I get in Newark?
Get two or three quotes, and compare price per watt, equipment, warranty and the installer's financial strength. Several large installers have gone bankrupt since 2024, so ask who will honor the workmanship warranty if the company closes.