The New Jersey SREC-II rate is $85 per certificate (one per 1,000 kWh) for systems registered through July 26, 2026, and it steps down to $77 for registrations received on or after July 27, 2026, then locks for a 15-year term (NJBPU order, May 21, 2026). New Jersey solar earns twice: SREC-II certificates plus net-metering credits at the state’s roughly 23.49 cents per kWh retail rate. By MySolarFY’s analysis (July 2026), a typical 8 kW Newark system producing about 10,444 kWh a year earns roughly $804 in SREC-II income at the new $77 rate, plus about $2,453 in first-year net-metering credit, near $3,257 combined in year one before the 15-year certificate total.
If you are trying to figure out what an NJ SREC is worth and how solar actually earns its keep in New Jersey, here is the short of it: a new residential system in 2026 makes money two separate ways at the same time. It earns SREC-II certificates through the state’s SuSI program, which pay a fixed amount for every megawatt-hour you generate over a 15-year term, and it earns net-metering credits that knock retail-rate dollars off your electric bill. Those two stack on top of each other. This page explains what an SREC-II pays today, how it differs from the old floating SREC market, how to actually get paid, how the annual true-up can quietly claw back value, and exactly how net metering works with PSE&G, JCP&L, and Atlantic City Electric.
Updated July 2026 with New Jersey’s SuSI / SREC-II rate step-down from $85 to $77 per certificate, which takes effect for registrations received on or after July 27, 2026 (NJ BPU order, May 21, 2026), plus the annual net-metering true-up rules, PSE&G’s time-of-use rate option, and the legacy SREC and TREC program status.
What NJ solar earns, before you scroll
In short, a new 2026 New Jersey system earns a fixed SREC-II for every 1,000 kWh it generates for 15 years, currently $85 per certificate for registrations received through July 26, 2026 and $77 for registrations on or after July 27, 2026, plus net-metering credits at the roughly 23.49-cent retail rate, and the two stack on top of each other. Here is the whole picture at a glance.
- A new NJ residential system earns one SREC-II per 1,000 kWh it generates, at a fixed rate of $85 each for registrations received through July 26, 2026 and $77 each for registrations on or after July 27, 2026, for 15 years. That is the SuSI program’s income engine (NJBPU order, May 21, 2026; DSIRE SuSI program summary; NJBPU Solar Factsheet, as of July 2026).
- SREC-II is a fixed price now, not a gamble. New systems no longer ride the volatile legacy SREC market; the SuSI rate is administratively set, so your per-megawatt-hour income is predictable for the term (NJBPU, as of July 2026).
- The rate steps down over time, so your registration date matters. The Board of Public Utilities launched the residential net-metered SREC-II at $90 in its July 2021 order, stepped it to $85 in the March 2023 review, and in its May 21, 2026 three-year review ordered it down to $77 per certificate for registrations received on or after July 27, 2026; whatever value applies on your registration date locks in for your full 15-year term (NJBPU order, May 21, 2026; NJBPU 2021 order; DSIRE, as of July 2026).
- Net metering credits your exports at the full retail rate. All four NJ utilities, PSE&G, JCP&L, Atlantic City Electric, and Rockland Electric, net your solar against your usage at retail value, with credits rolling forward month to month (NJ Clean Energy Program, as of July 2026).
- New Jersey power is expensive, which is what makes each offset kWh count. Residential electricity averages about 23.49 cents per kWh (EIA, as of March 2026).
- The old SREC and TREC programs are closed to new systems. New 2026 installs enroll in SuSI / SREC-II, while legacy SREC and TREC certificates keep paying only for systems already registered (NJBPU Solar Factsheet, as of July 2026).
- The federal homeowner credit is no longer part of the math. The 30 percent federal Residential Clean Energy Credit (Section 25D) ended for systems placed in service after December 31, 2025, so New Jersey’s own programs are what pay you now (IRS, as of January 1, 2026).
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What is an NJ SREC worth in 2026?
A New Jersey SREC-II is worth a fixed $85 for a net-metered residential system registered through July 26, 2026, and $77 for one registered on or after July 27, 2026, and you earn one for every 1,000 kWh your system generates. That value comes from the New Jersey Board of Public Utilities’ Successor Solar Incentive (SuSI) program, and the rate that applies on your registration date is locked for your 15-year term rather than floating day to day (NJBPU order, May 21, 2026; DSIRE SuSI program summary; NJ Clean Energy Program SuSI, as of July 2026). One SREC-II is issued per megawatt-hour (1,000 kWh) of generation, so a system that produces 8,000 kWh in a year earns 8 SREC-IIs, worth about $616 at the new $77 rate (about $680 at $85), on top of the money net metering saves on your bill.
The rate has stepped down since the program launched, and it is set by the Board on review. The Board’s original July 28, 2021 SuSI order set the net-metered residential value at $90 per SREC-II, its March 2023 review reduced it to $85, and its May 21, 2026 three-year review ordered a further cut to $77 per SREC-II for registrations received on or after July 27, 2026 (NJBPU order, May 21, 2026; NJBPU 2021 order; DSIRE, as of July 2026). The value is not stepped each year of your ownership: the per-certificate figure that applies on your registration date is the rate you keep for the whole 15-year term. So a residential system registered through July 26, 2026 locks in $85, and one registered on or after July 27, 2026 locks in $77. Because timing now decides your rate, confirm your registration date and the current value with the NJ Clean Energy Program before you budget.
Dated SuSI / SREC-II price line (as of July 2026): Net-metered residential ADI value = $85 per SREC-II for registrations received through July 26, 2026, dropping to $77 per SREC-II for registrations received on or after July 27, 2026 (launched at $90 in the July 2021 board order, stepped to $85 in the March 2023 review, cut to $77 in the NJ BPU three-year review order of May 21, 2026). The rate locks at your registration date for the full 15-year term; confirm your date and value at registration.
15-year SREC-II payout: the new $77 rate, the closing $85 rate, and the $90 launch order
Because the rate you register at is locked for 15 years, the year you enroll changes your lifetime certificate income. Here is the difference for a typical 8 kW Newark system that produces about 10,444 kWh a year, per MySolarFY’s analysis (July 2026):
| SREC-II rate | Status | SREC-IIs per year (10,444 kWh) | Income per year | 15-year SREC-II total |
|---|---|---|---|---|
| $77 per SREC-II | New rate for registrations on or after July 27, 2026 | about 10.4 | about $804 | about $12,100 |
| $85 per SREC-II | Closing rate for registrations received through July 26, 2026 | about 10.4 | about $888 | about $13,300 |
| $90 per SREC-II | Original July 2021 launch order (closed) | about 10.4 | about $940 | about $14,100 |
Illustration, not a quote. Assumes flat production of 10,444 kWh a year (8 kW Newark system, NREL PVWatts, per MySolarFY’s analysis, July 2026) before panel degradation, and the SREC-II rate locked at registration for the 15-year term. Confirm the current per-certificate value with the NJ Clean Energy Program.
New Jersey’s SREC timeline: legacy SREC, TREC, and today’s SREC-II
Which “SREC” you are in depends entirely on when your system was registered, and a 2026 install is in SREC-II. New Jersey has run three different solar-certificate programs, and only the newest one is open to new systems. The original SREC market closed to new registrations on April 30, 2020. The Transition Incentive program, which paid TRECs, then bridged the gap until it closed to new applicants at 11:59 p.m. on August 27, 2021. The Successor Solar Incentive (SuSI) program opened the next day and pays SREC-IIs, and that is what a new residential system enrolls in today (NJBPU Solar Factsheet, as of July 2026).
If you already had panels, your older certificates still pay. Closing a program to new entrants did not cancel the certificates already earned. Legacy SREC and TREC systems continue to earn and sell their certificates for the remainder of their 15-year terms; only new enrollment is closed (NJBPU Solar Factsheet, as of July 2026). This is the single most common point of confusion for New Jersey homeowners, because the SREC trading sites and forums you find first are mostly about the old market, not the program a 2026 buyer actually joins.
| Certificate program | Status for a new 2026 system | How it pays | Term |
|---|---|---|---|
| Legacy SREC | Closed to new systems since April 30, 2020 | Floating market price per certificate | 15 years (existing systems keep earning) |
| TREC (Transition Incentive) | Closed to new applicants since August 27, 2021 | Fixed transition value per certificate | 15 years (existing systems keep earning) |
| SREC-II (SuSI program) | Open, this is what you enroll in | Fixed $77 per SREC-II for registrations on or after July 27, 2026 ($85 through July 26, 2026), 1 per 1,000 kWh | 15 years from permission to operate |
Sources: NJBPU Solar Factsheet, DSIRE SuSI summary, and NJDEP solar program, as of July 2026.
How does the SuSI program pay you? SREC-II on the ADI track
A home rooftop system falls under the SuSI program’s Administratively Determined Incentive, or ADI, track. SuSI has two lanes: the ADI track for net-metered residential and other systems of 5 megawatts or less, where the per-certificate value is set administratively, and a separate Competitive Solar Incentive track for larger grid-supply and non-residential projects above 5 megawatts that bid for their incentive. A typical New Jersey home is well inside the ADI lane, which is why your SREC-II value is a published fixed number rather than an auction result (NJBPU Solar Factsheet, as of July 2026).
Your 15-year clock starts when the system is allowed to turn on. The SREC-II term runs for 15 years from your system’s permission to operate, the point at which your utility signs off and you can energize the panels, not from when you first apply (NJBPU Solar Factsheet, as of July 2026). Over that decade and a half, the SREC-II income is a meaningful second revenue stream that has nothing to do with your monthly bill savings. To weigh that long-run number against your install cost, our guide on whether solar panels are worth it walks through the payback math.
How do you actually get paid for SREC-IIs?
The big change from the old days: SREC-II income is predictable, not a market bet. Under the legacy SREC program, homeowners (or their agents) sold certificates on an open exchange where the price rose and fell with supply and demand, which is what the SREC trading websites still track. Under SuSI’s ADI track, the SREC-II is purchased at the fixed administratively determined price, so a new owner knows the per-certificate value up front for the whole term instead of guessing where a market will be (NJBPU Solar Factsheet, as of July 2026).
In practice, you register once and the certificates flow from your meter. Your system is registered with the New Jersey Clean Energy Program, SREC-IIs are then issued based on your system’s metered generation, and they are sold or transferred under the program for the fixed value (NJ Clean Energy Program, as of July 2026). Most homeowners never touch an exchange: a reputable installer or a registered aggregator typically sets up the SuSI registration and the certificate sale for you as part of the project, so confirm who handles it when you compare quotes.
You may be offered annual certificate payments or a single upfront SREC-II buyout. Some registered aggregators and installers, including large national brands homeowners often search for by name, offer a one-time lump sum for your full 15-year SREC-II stream instead of paying you as each certificate is issued. An upfront buyout trades your total future certificate income for cash now at a discount, so it is neither better nor worse by default: compare the lump-sum offer against the 15-year total at your locked rate, ask how the figure was calculated, and confirm in writing who keeps the certificates before you sign (NJ Clean Energy Program, as of July 2026).
How does net metering work in New Jersey, utility by utility?
Net metering is the second income stream, and New Jersey credits it at the full retail rate. Unlike states that have cut exports to a reduced avoided-cost rate, New Jersey net-metering rates stay at the full retail rate: state rules require every investor-owned utility to net the power your system sends to the grid against the power you draw, valuing your exports at the same retail rate you pay, with leftover credits carrying forward month to month (NJ Clean Energy Program, as of July 2026). Because New Jersey’s residential rate averages about 23.49 cents per kWh (EIA, as of March 2026), every kilowatt-hour you offset is worth more here than in a cheap-power state. For the general mechanics, see how net metering credits your solar exports.
The rule is statewide, but you interconnect with your own utility. Whichever company sends your bill runs your net-metering account, sets up your bidirectional meter, and applies the credits. The table below shows the four New Jersey electric utilities and links to each one’s solar details. To see how this plays out in one city, our Newark solar guide walks through what PSE&G net metering pays a local homeowner, and our Cherry Hill NJ solar guide runs the same PSE&G net-metering and SREC-II payback math for a South Jersey township.
| Your utility | Where it serves | Export credit | Annual true-up |
|---|---|---|---|
| PSE&G | The largest NJ territory, including Newark and Trenton | Full retail rate, rolls forward monthly | Net surplus paid at the lower wholesale avoided-cost rate |
| JCP&L | Much of central and northern NJ (FirstEnergy) | Full retail rate, rolls forward monthly | Net surplus paid at the lower wholesale avoided-cost rate |
| Atlantic City Electric | South Jersey and the shore | Full retail rate, rolls forward monthly | Net surplus paid at the lower wholesale avoided-cost rate |
| Orange & Rockland (Rockland Electric) | A small slice of far northern NJ | Full retail rate, rolls forward monthly | Net surplus paid at the lower wholesale avoided-cost rate |
Source: NJ Clean Energy Program net metering and each utility’s own tariff, as of July 2026.
The annual true-up trap: why leftover credits are not worth retail
Here is the detail that surprises New Jersey solar owners, and where an oversized system quietly loses money. During the year, every kilowatt-hour you export is credited at the full retail rate, about 23.49 cents, and any monthly surplus rolls forward. But at the end of your 12-month net-metering period, the utility cashes out any leftover net surplus at its wholesale avoided-cost rate, not retail (NJ Clean Energy Program, as of July 2026). That avoided-cost rate tracks wholesale power prices and is typically only a few cents per kWh, often in the range of $0.03 to $0.05, a fraction of the roughly 23.49-cent retail credit you get for offsetting your own usage.
The lesson is to size your system to your own usage, not above it. Power you generate and use, or export and later pull back within the year, is worth the full retail rate. Power you generate beyond your annual usage is worth only the low year-end wholesale rate. So an 11,000-kWh-per-year home is best matched by a system built to cover roughly that much, not a bigger one that spills surplus back to the grid at three to five cents. Estimate your own production first with NREL’s free PVWatts calculator, then have your installer size to your actual annual consumption.
Rule of thumb: retail credit inside the year, wholesale cash-out at year-end. A kilowatt-hour you offset is worth about 23.49 cents. A kilowatt-hour of unused annual surplus is worth roughly 3 to 5 cents. Sizing close to your usage captures the full retail value on almost every kWh (NJ Clean Energy Program, as of July 2026).
PSE&G’s new time-of-use rate: what it does to solar credits
If you are a PSE&G customer, there is a newer wrinkle worth understanding: the utility now offers a residential time-of-use (TOU) rate, and it changes what your exported solar is worth by the hour. Moving to TOU is voluntary, not automatic, and it sits alongside the standard flat Residential Service (RS) rate under PSE&G’s current electric tariff, effective June 22, 2026 (PSE&G electric tariffs; PSE&G time-of-use rate, as of July 2026). Because net metering credits your exports at the retail rate that applies in the hour you generate, a solar owner on TOU is credited at the time-of-day price, not a single flat number.
That cuts both ways for solar. On the TOU plan, weekday late-afternoon on-peak power (4 p.m. to 9 p.m.) is priced far higher than midday or overnight power, while midday and overnight power is priced far lower. Solar produces most heavily around midday, so much of your export lands in the cheaper mid-peak window, while the on-peak hours when TOU pays the most are late in the day as production tails off. A battery that shifts stored solar into the on-peak evening window is what makes TOU pay off for many solar homes. PSE&G lets residential customers try TOU with first-year bill protection and switch back, so it is a choice to model against your own usage, not a default (PSE&G time-of-use rate, as of July 2026).
| PSE&G rate (summer, illustrative) | When it applies | Approx. price per kWh | What an exported kWh is credited |
|---|---|---|---|
| Flat RS rate | All hours | about 29 cents | Same rate any time of day |
| TOU on-peak | Weekdays 4 p.m. to 9 p.m. | about 60 cents | Highest credit, but solar output is fading by then |
| TOU mid-peak | Daytime outside on-peak | about 27 cents | Where most midday solar export lands |
| TOU off-peak | Overnight, 12 a.m. to 6 a.m. | about 10 cents | Lowest credit, little solar output |
The roughly 23.49 cents per kWh used in the stacking tables above is the EIA all-utility New Jersey average; PSE&G’s own all-in residential rate runs higher, near 29 cents, so a PSE&G customer should read their own per-kWh net-metering credit as above the state average. Prices are illustrative summer figures from PSE&G’s own rate-comparison tool and change by season and by Board-approved supply price; check the live numbers before you choose a plan (PSE&G compare your rate options, as of July 2026). Only PSE&G offers this specific TOU design; JCP&L, Atlantic City Electric, and Rockland Electric set their own rate schedules.
Stacking it up: SREC-II income plus net-metering savings
This is where New Jersey solar gets interesting: the two income streams add together. SREC-IIs pay you a fixed amount for every megawatt-hour you generate, regardless of whether you use that power or send it to the grid. Net metering separately saves you retail-rate dollars on the power your production offsets. So a single year’s worth of generation pays you twice. The table below illustrates the combined value at the new $77 SREC-II rate (for registrations on or after July 27, 2026) and the 23.49-cents-per-kWh state-average retail rate, using your annual production as the input.
| Annual production | SREC-II income per year (at $77 each) | Net-metering bill savings per year (at 23.49 cents/kWh)* | Combined first-year value | 15-year SREC-II total |
|---|---|---|---|---|
| 6,000 kWh | $462 | about $1,409 | about $1,871 | $6,930 |
| 8,000 kWh | $616 | about $1,879 | about $2,495 | $9,240 |
| 10,000 kWh | $770 | about $2,349 | about $3,119 | $11,550 |
| 12,000 kWh | $924 | about $2,819 | about $3,743 | $13,860 |
*These are illustrations, not a quote. They assume a system sized so its production offsets your own retail usage; production beyond your usage settles at the lower year-end avoided-cost rate, not retail. SREC-II values use the new $77 rate for registrations on or after July 27, 2026 (it is $85 through July 26, 2026), which the NJBPU resets on review, and bill savings use the EIA state-average residential rate, which varies by utility and rate plan. Confirm current figures with the NJ Clean Energy Program and estimate your own production with NREL’s free PVWatts calculator. Sources: NJBPU Solar Factsheet and EIA, as of July 2026.
Two more things New Jersey takes off the table. Beyond these two income streams, solar equipment is exempt from the state’s 6.625 percent sales tax, and a certified system’s added value is exempt from property tax when you file the right form. Those exemptions are covered on our New Jersey solar guide, our rundown of New Jersey solar tax credits and exemptions in 2026, and the resource on the solar incentives that still apply, so this page stays focused on the SREC-II and net-metering math.
Who keeps the SREC-II income depends on how you pay
If you want the SREC-II checks and the bill savings to be yours, you own the system. A cash purchase or a solar loan makes you the owner, so the SuSI income and the net-metering credits both belong to you. A lease or power purchase agreement can mean no up-front cost for eligible homeowners, but it is a long-term agreement with monthly payments, not free solar, and the company that owns the panels keeps the SREC-II income while you get a lower or fixed power price.
| Path | Up-front cost | Who keeps the SREC-II income | Best when |
|---|---|---|---|
| Cash purchase | Full system cost | You, the owner | You want the most lifetime value and the fastest payback |
| Solar loan | Little to none, financed | You, the owner | You want ownership without paying cash up front |
| Lease or PPA | $0-up-front where eligible | The third-party owner | You prefer no up-front cost and a simple, fixed monthly bill |
One federal note for lease and PPA shoppers: the homeowner federal credit (Section 25D) ended for systems placed in service after December 31, 2025, and the separate commercial credit (Section 48E) is claimed by the company that owns a leased or PPA system, not by you (IRS, as of July 2026). For the full national picture, see what the federal solar tax credit change means in 2026.
How do you choose a New Jersey installer who handles your SREC-II paperwork?
New Jersey has a deep, competitive installer market, which is good for you, but the SuSI registration and net-metering enrollment are where a sloppy installer can cost you income. Rather than chasing a “best installer” list, screen any company against objective criteria:
- A valid New Jersey Home Improvement Contractor (HIC) registration and proper electrical licensing.
- NABCEP certification, the industry’s professional standard for PV installers.
- A clear workmanship and equipment warranty in writing.
- Proven experience with SuSI / SREC-II registration and net-metering interconnection with your specific utility, so your income streams start on time.
- A written production estimate and a transparent quote that does not count the federal homeowner credit that ended after December 31, 2025. For a checklist, see the right questions to ask a solar installer.
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Frequently asked questions
What is an NJ SREC worth in 2026? For a new residential system, the certificate is an SREC-II under the SuSI program, worth a fixed $85 each for registrations received through July 26, 2026 and $77 each for registrations on or after July 27, 2026, and you earn one for every 1,000 kWh (one megawatt-hour) your system generates, for a 15-year term (NJBPU order, May 21, 2026; DSIRE SuSI summary, as of July 2026). A system producing 9,000 kWh a year earns 9 SREC-IIs, about $693 at the new $77 rate (about $765 at $85), on top of bill savings. The rate launched at $90 in the July 2021 board order, stepped to $85 in March 2023, and was cut to $77 in the Board’s May 21, 2026 three-year review, so confirm the current figure with the NJ Clean Energy Program before you budget. Whatever rate applies on your registration date locks in for the full 15 years.
What is the difference between an SREC and an SREC-II in New Jersey? They are from different programs. Legacy SRECs came from New Jersey’s original market, which closed to new systems on April 30, 2020, and their price floated with supply and demand. SREC-IIs come from the current SuSI program and pay a fixed, administratively set value for 15 years (NJBPU Solar Factsheet, as of July 2026). A system installed in 2026 earns SREC-IIs, not legacy SRECs or TRECs. Older systems already registered under SREC or TREC keep earning their certificates for the rest of their terms.
How do I sell my SREC-IIs in New Jersey? You register your system with the New Jersey Clean Energy Program, SREC-IIs are issued based on your meter’s generation, and they are sold or transferred under the program at the fixed SuSI value (NJ Clean Energy Program, as of July 2026). In practice most homeowners do not trade certificates themselves: a reputable installer or a registered aggregator handles the SuSI registration and the sale as part of the project. Ask any installer you are considering whether they set up and manage the SREC-II registration for you.
Does New Jersey still have net metering? Yes. State rules require all four of New Jersey’s investor-owned utilities, PSE&G, JCP&L, Atlantic City Electric, and Rockland Electric, to credit the electricity your system exports at the full retail rate against the electricity you use, with credits rolling forward month to month (NJ Clean Energy Program, as of July 2026). At the end of your 12-month net-metering period, any leftover net surplus is paid out at the utility’s lower wholesale avoided-cost rate, which is why sizing your system close to your own annual usage matters.
What happens to leftover net-metering credits at the annual true-up? Any net surplus left at the end of your 12-month period is cashed out at the utility’s wholesale avoided-cost rate, typically only a few cents per kWh (often around $0.03 to $0.05), not the roughly 23.49-cent retail rate you get for offsetting your own usage (NJ Clean Energy Program, as of July 2026). Credits roll forward month to month during the year at full retail value, so the trap only bites when a system is oversized and spills surplus it never uses. Size to your annual consumption and almost every kilowatt-hour keeps its full retail worth.
Can I earn both SREC-IIs and net-metering credits at the same time? Yes, and that is the heart of New Jersey’s solar value. SREC-IIs pay you a fixed amount for every megawatt-hour you generate, whether you use that power or export it, while net metering separately credits the power you send to the grid at the retail rate (NJBPU Solar Factsheet; NJ Clean Energy Program, as of July 2026). The two are separate programs that stack, so a single year of generation both earns certificate income and lowers your bill.
What happened to the federal solar tax credit for 2026 buyers? It ended. The 30 percent federal Residential Clean Energy Credit (Section 25D) ended for systems placed in service after December 31, 2025, so a homeowner going solar in 2026 cannot claim it (IRS, as of January 1, 2026). That is exactly why the SREC-II income and net-metering credits matter so much now: in New Jersey they are the programs that pay you, and neither one was affected by the federal change.
Should I take an upfront SREC-II buyout in New Jersey? It depends on the offer, so run the numbers before you decide. Some registered aggregators and installers, including national brands homeowners search for by name, offer a one-time lump sum for your full 15-year SREC-II stream instead of paying you per certificate over time. A buyout trades your total future certificate income for discounted cash now, so compare the lump sum against the 15-year total at your locked rate (about $12,100 for a typical 8 kW Newark system at the new $77 rate, or about $13,300 at $85), ask how the figure was calculated, and confirm in writing who keeps the certificates before you sign (NJ Clean Energy Program, as of July 2026).
Reviewed by the SolarFY Editor and the MySolarFY editorial team (reviewed July 2026). Figures were verified against the linked NJBPU / NJ Clean Energy Program, DSIRE, NJDEP, EIA, PSE&G, and IRS sources as of July 2026; the SREC-II / ADI rate, net-metering true-up terms, PSE&G rate schedules, and program registration steps can change, so confirm current terms with the NJ Clean Energy Program, the NJBPU, and your utility before you decide. MySolarFY does not provide tax or financial advice; consult a licensed professional about your own situation. Learn more about the MySolarFY editorial team and see our data and methodology for how we compute these figures.
MySolarFY is a free service that matches homeowners with licensed solar installers. We are not an installer, financing company, tax advisor, or government program. “No up-front cost” refers to qualifying lease or PPA financing, where eligible homeowners may have no out-of-pocket cost at installation. Lease and PPA terms typically run 20 to 25 years, may include an annual price escalator, and total payments may exceed the cost of a cash purchase; on a lease or PPA the SREC-II income and any tax benefit go to the company that owns the system, not the homeowner. Homeowners do not get the federal residential credit (Section 25D) that ended after December 31, 2025. Solar panels are not free and monthly payments apply. SREC-II values, net-metering credits, savings, and rates vary and are not guaranteed. See our full disclaimer.
