Solar in Hoboken, NJ
With PSE&G's electricity at about 26.4¢ per kWh and 1,291 kWh of sun per kW, solar is worth it for a typical Hoboken home today: about a 7.6-year payback.
- Payback, typical home
- 7.6 yrsNew Jersey: 7.8 yrs
- 25-year net
- $52,547after paying $17,750
- Sun
- 1,291kWh per kW per year
- Electricity
- 26.4¢47% above U.S. average
A typical Hoboken home, by the numbers
| Utility | PSE&G |
|---|---|
| Electricity use | 559 kWh a month |
| Best-value system | 5.7 kW, about 13 panels, 7,361 kWh a year (110% of use) |
| Cost | $17,750 |
| First-year savings | $1,730 |
| Payback | 7.6 years |
| Exported power | Full retail net metering (PSE&G) |
Cash purchase, no federal credit, 3.6% yearly rate increases. Run it with your own numbers.
Homes in Hoboken
- Owner-occupied homes
- 34%
- Single-family detached
- 1%
- Median home value
- $895k
- Median year built
- 1977
- Population
- 58,668
- Roofs suitable for solar†
- 78%
Census ACS 2020–2024. †Share of 3,172 buildings Google Project Sunroof rated technically suitable (2019 snapshot).
Installers working in Hoboken
Public installation records for New Jersey don't name installers, so we can't rank local companies here. Browse installers in New Jersey.
Always verify the license and get at least three quotes. Compare quotes side by side.
Questions about solar in Hoboken
Is solar worth it in Hoboken, NJ?
For a typical home in Hoboken, solar is worth it at 2026 prices: a 5.7 kW system costs about $17,750 after state incentives, saves about $1,730 in year one and pays back in about 7.6 years. Enter your address for an estimate based on your roof and bill.
How much solar power does a system produce in Hoboken?
About 1,291 kWh per year for each kW of panels on a south-facing roof, based on PVWatts and local weather. That's 2% less than the New Jersey average. East- or west-facing roofs produce roughly 10–20% less.
Who is the electric utility in Hoboken?
Most homes in Hoboken are served by PSE&G, at about 26.4¢ per kWh on average.
How much do solar panels cost in Hoboken?
A fair cash price is around $3.00 per watt before incentives, so about $17,750 for a 5.7 kW system. There's no federal tax credit for homeowners who buy in 2026.
Nearby
- Union City 7.5 yrs
- West New York 7.5 yrs
- Jersey City 7.6 yrs
- Kearny 7.6 yrs
- Cliffside Park 7.5 yrs
- Bayonne 7.6 yrs
- Newark 7.6 yrs
- Fort Lee 7.5 yrs
- All of New Jersey
Data: PVWatts (National Laboratory of the Rockies), EIA-861 2025 adjusted to 2026, U.S. Census ACS, LBNL Tracking the Sun, state policy research as of October 2026.