Utility rules, plain English.
New Jersey
Bill credits + production payments can both apply
Bill credits plus a separate production incentive (SREC-II) on qualifying systems.
Bill credits
Extra power usually credits your bill at the normal rate
Production incentive
SuSI / SREC-II pays for power produced (program rate / term)
Sales tax
Generally exempt
Property tax
Solar value generally exempt
- Who owns the system usually decides who gets SREC-II money.
- Leftover year-end bill credits are often cashed out at a lower rate — size carefully.
Electric company
PSE&G
Largest NJ territory (North / Central)
How your bill works
Power you send out usually credits your bill at the normal rate. Leftovers at year-end are often paid at a lower rate.
To get connected
- Utility approval (PTO) before operating
- Fees can rise with system size
- Register for the state production incentive if you qualify
Insurance
Keep home liability coverage; provide certificates if asked.
Good
- • Bill credits + state production incentive can stack
- • Large installer market
Watch
- • Leases often keep incentive value away from you
- • Don’t oversize