Net metering calculator, New Jersey

How net metering works in New Jersey

True 1:1 retail crediting across all four major utilities

PSE&G, JCP&L, Atlantic City Electric, and Rockland Electric are all required to credit residential solar exports at the full retail rate under rules the New Jersey's incentive listing, one kilowatt-hour exported for one kilowatt-hour of credit, for systems up to 5 MW. Within the annual billing cycle, credits roll forward month to month; any remaining excess at the annual true-up is settled through the utility's process rather than lost outright.

A separate production incentive stacks on top

Beyond net metering, New Jersey runs the Successor Solar Incentive (SuSI) program, and for most residential systems, the relevant path is the Administratively Determined Incentive (ADI) track. ADI pays a fixed rate per megawatt-hour of production, issued as SREC-II renewable energy certificates, for 15 years from registration, entirely separate from and in addition to your net metering credit. The BPU cut the residential rate from $85 to $77/MWh for registrations received on or after July 27, 2026, per its May 2026 order.

The ADI rate is locked at your registration date

New Jersey's Board of Public Utilities periodically adjusts the ADI rate for new registrations, but whatever rate applies when your system registers stays fixed for the full 15-year term. Rates have stepped down over time as program capacity fills, so registering sooner locks in a higher rate than waiting. The glossary entry for renewable energy certificates spells out what that term means here. The credit rate only matters once it becomes a payback period. The payback period calculator in our Savings & Payback section can help you work out how long the system takes to pay for itself.

The state is studying, but hasn't enacted, a successor program

New Jersey's Board of Public Utilities has been evaluating potential reforms to net metering as part of longer-term transition planning, including ideas like value-of-solar export rates or grid access charges. As of now, nothing has been enacted, and systems installed under the current 1:1 retail policy are generally expected to be grandfathered at those terms for an extended period even if changes come later; New Jersey's tax credit and rebate estimator is a good way to see what applies today regardless of what comes next.

Interconnection and the off-grid comparison for New Jersey systems

Whether you land on PSE&G, JCP&L, Atlantic City Electric, or Rockland Electric, connecting a system still requires that utility's own interconnection review before it can operate; the grid interconnection cost estimator covers what to budget for that step, separate from any ADI registration. And with full retail net metering plus a 15-year production incentive already stacked on top of it, a fully off-grid build has a much higher bar to clear in New Jersey than in most states; the grid tie vs off grid comparison tool puts numbers on that gap.