Garden State Solar Insurance

Learn how NJ’s net metering policy affects your solar savings and system size New Jersey's net metering policies remain some of the most favorable in the nation for solar owners, providing full retail credit for excess energy sent back to the grid. Under current regulations, residential solar systems under 10 megawatts qualify for 1:1 net metering, meaning homeowners receive credit for each kilowatt hour they generate at the same rate they would pay to consume electricity from their utility. These credits roll over month to month indefinitely, allowing solar owners to build up energy reserves during sunny summer months to offset higher winter consumption. However, important changes took effect in 2024 for PSE&G and JCP&L customers, who now face time of use rates that apply different credit values depending on when energy is produced and consumed. This makes strategic energy use particularly valuable, with peak hours from 3pm to 7pm offering the highest credit rates. When ...