Question 1

What is the net metering rate in New Jersey?

Accepted Answer

The current net metering export rate in New Jersey is approximately $0.172/kWh under the Full Retail policy framework. Full retail net metering mandated for all utilities. Systems up to 2 MW eligible. Strong SREC-II market (ADI successor) adds significant value.

Question 2

What type of net metering does New Jersey have?

Accepted Answer

New Jersey uses a Full Retail net metering framework. Full retail net metering mandated for all utilities. Systems up to 2 MW eligible. Strong SREC-II market (ADI successor) adds significant value. The system size limit is Up to 2 MW.

Question 3

Is net metering available in New Jersey?

Accepted Answer

Yes, New Jersey has net metering available with a status of Active. The current policy took effect on 2021-01. The export rate is $0.172/kWh.

Question 4

How does New Jersey's NEM rate compare to the retail electricity rate?

Accepted Answer

New Jersey's NEM export rate of $0.172/kWh is 100% of the average retail electricity rate of $0.172/kWh. This means solar owners receive nearly full retail compensation for excess generation.

Net Metering in New Jersey

NEM Policy Details — New Jersey

Calculate Your NEM Savings in New Jersey

NEM Rate Comparison

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