Loading NuWatt Energy...
We use your location to provide localized solar offers and incentives.
We serve MA, NH, CT, RI, ME, VT, NJ, PA, and TX
Loading NuWatt Energy...
NuWatt designs, installs, and manages solar, battery, heat pump, and EV charger systems across 9 states. One company, one warranty, one point of contact.
Get a Free QuoteParsippany-Troy Hills, a corporate suburb in Morris County, offers cost-effective solar with SREC-II income and full tax exemptions. A typical 9 kW system costs ~$26,370 — with no federal tax credit in 2026.
2026 Reality: The 30% federal tax credit expired for homeowners. All Parsippany solar costs in this guide reflect $0 federal credit. Details
A typical 9 kW solar system in Parsippany costs ~$26,370 before incentives. Parsippany is in JCP&L territory at $0.21/kWh. With SREC-II income of ~$930/yr and full retail net metering, solar pays for itself in ~8.3 years and saves ~$69,950 over 25 years.
Cost Range
$2.75–$3.1/W
Fully installed
Payback
8.3 yrs
Cash purchase
SREC-II
$930/yr
Annual income
JCP&L Rate
$0.21
Per kWh
Costs for different system sizes in Parsippany. Spacious suburban homes allow larger systems with better per-watt pricing.
| System Size | Low Cost | High Cost | SREC-II | Best For |
|---|---|---|---|---|
| 6 kW | $16,500 | $18,600 | ~$620/yr | Townhouse / smaller home |
| 8 kW | $22,000 | $24,800 | ~$825/yr | Average suburban home |
| 9 kW | $24,750 | $27,900 | ~$930/yr | Larger colonial / split-level |
| 12 kW | $33,000 | $37,200 | ~$1,240/yr | Large home with pool/EV |
New Jersey's SREC-II program pays solar system owners for every MWh generated. Payments last 15 years from system activation.
Annual SREC-II (9 kW)
~$930
Based on ~10.8 MWh/yr production
15-Year SREC-II Total
~$13,950
Guaranteed program income
Annual Production
~10,800 kWh
~4.6 peak sun hours/day
JCP&L credits excess solar at the full retail rate of $0.21/kWh. JCP&L also offers a tiered rebate of $500–1,000 for qualifying installations.
~$2,240/yr
Annual electricity savings
Parsippany averages ~$10,800 in property taxes. NJ exempts 100% of solar-added value from property taxes for the system lifetime.
Up to $26,370 of added home value exempt
Lifetime exemption
NJ exempts solar energy systems from the 6.625% state sales tax. Immediate savings at purchase.
~$1,747
Sales tax savings on $26K system
Four ways to pay for solar in Parsippany. PPAs and leases offer $0 down because the system owner (not you) claims the commercial tax credit.
Upfront
~$26,370
Monthly
$0
25-yr Savings
~$70K
Ownership
You own it
Best long-term ROI. Payback ~8.3 years with SREC-II income.
Upfront
$0
Monthly
~$205–265/mo
25-yr Savings
~$52–68K
Ownership
You own it
10–25 year terms. SREC-II income offsets monthly payments.
Upfront
$0
Monthly
Fixed rate ~$0.11–0.15/kWh
25-yr Savings
~$18–28K
Ownership
Third party owns
Third-party owner claims Section 48 ITC. You buy power at a discount.
Upfront
$0
Monthly
~$110–150/mo
25-yr Savings
~$16–24K
Ownership
Third party owns
Fixed monthly payment. No maintenance responsibility.
Section 25D (the 30% residential solar tax credit) expired December 31, 2025. Parsippany homeowners buying cash or loan receive $0 in federal credit. Third-party system owners (PPA/lease) can still claim the commercial Section 48 ITC — which translates to lower PPA rates for you.
Read: What happened to the solar tax creditParsippany-Troy Hills combines spacious suburban homes with strong sun exposure and efficient Morris County permitting processes.
Large homes with ample roofs — 9-12 kW systems are common
4.6 peak sun hours per day — strong production
JCP&L territory with $500-1,000 tiered rebate
High property taxes make the solar exemption especially valuable
Morris County — efficient solar permitting
Parsippany is in JCP&L territory (not PSE&G). JCP&L offers lower rates ($0.21/kWh vs PSE&G's $0.27/kWh) plus a useful tiered rebate of $500-1,000. Both utilities offer full retail net metering.
Compare NJ utility ratesSolar panels in Parsippany cost $2.75-3.10 per watt installed in 2026. For a typical 9 kW system on a Morris County suburban home, that is approximately $26,370 before state incentives. There is no federal tax credit for homeowners — the 30% Section 25D credit expired December 31, 2025.
Parsippany-Troy Hills is in JCP&L (Jersey Central Power & Light) territory, not PSE&G. JCP&L offers net metering at the full retail rate of $0.21/kWh and provides a tiered rebate of $500-1,000 for qualifying residential solar installations. JCP&L rates are lower than PSE&G, and the tiered rebate helps offset the difference.
A 9 kW system in Parsippany generates approximately $930 per year in SREC-II income at the current rate of $85.00/MWh. Over the 15-year program term, that totals roughly $13,950. Parsippany's 4.6 peak sun hours per day deliver strong production for a northern NJ location.
New Jersey provides a 100% property tax exemption for solar-added home value. In Parsippany, where average property taxes exceed $10,800/year, this is especially valuable. Your solar system adds ~$26,370 in home value with zero additional property tax for the system lifetime.
Solar in Parsippany has a payback period of approximately 8.3 years for a cash purchase. While JCP&L rates ($0.21/kWh) are lower than PSE&G, the combination of SREC-II income ($930/yr), large system sizes, and the JCP&L tiered rebate delivers strong 25-year returns of approximately $69,950.
Parsippany homes tend to be spacious suburban colonials, split-levels, and raised ranches with large roof areas and higher electricity usage (often 10,000-14,000 kWh/year). The average system size is 9 kW. Many homes have central AC, pools, or home offices that increase demand — especially in the corporate park corridor areas.
No. The 30% federal solar tax credit (Section 25D) expired for homeowners on December 31, 2025. All cost and savings figures in this guide reflect $0 federal credit. If you finance through a PPA or lease, the third-party system owner may claim the commercial Section 48 ITC, which can result in lower rates for you.
We will assess your specific Parsippany roof, energy usage, and JCP&L rate to show you exactly what solar costs and saves for your home.
Pricing: EnergySage Solar Marketplace (January 2026), NuWatt Energy NJ installations.
Utility rates: JCP&L residential rate schedule (BGS supply + delivery), effective June 1, 2026, via the NuWatt canonical utility rate database.
SREC-II: NJ Board of Public Utilities, SuSI/ADI program guidelines.
Tax exemptions: NJ Division of Taxation, property tax exemption for renewable energy systems.