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Solar Power in New Jersey

Author.Name IBISWorld United States Last Updated: August 2025 NAICS NJ22111e

Solar Power in New Jersey industry analysis

The Solar Power industry in New Jersey is expected to grow an annualized x.x% to $x.x billion over the five years to 2025, while the national industry will likely grow at x.x% during the same period. Industry establishments increased an annualized x.x% to xx locations. Industry employment has increased an annualized x.x% to xxx workers, while industry wages have increased an annualized x.x% to $x.x million.

Over the five years to 2030, the industry is expected to grow an annualized x.x% to $x.x billion, while the national industry is expected to grow x.x%. Industry establishments are forecast to grow x.x% to xxx locations. Industry employment is expected to increase an annualized x.x% to xxx workers, while industry wages are forecast to increase x% to $x.x million.

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About the Solar Power in New Jersey Market Research Report

What’s Included in the Solar Power in New Jersey Market Research Report

Definition of the Solar Power in New Jersey?

Operators in this industry own and operate solar-power-generating facilities, such as photovoltaic panels or solar thermal power stations, that use mirrors or lenses to concentrate the sun’s energy. This industry covers utility-scale solar and does not include distributed energy.

What’s included in the Solar Power in New Jersey?

The Solar Power in New Jersey includes generating photovoltaic power and generating concentrated solar power. Related terms covered in the Solar Power in New Jersey industry report includes a specialized semiconductor diode that converts sunlight into electricity, electricity from sources that can be switched on or off to meet seasonal demand, a technology that uses mirrors to focus sunlight on a surface to create energy and all types of renewable energy.

Industry Performance of the Solar Power industry in New Jersey

Benchmark the Solar Power in New Jersey industry performance with all NJ county and national performance.

Solar Power in New Jersey

#10 in Highest Revenue 2.5% of state's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Solar Power in the US


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Solar Power industry in New Jersey

See how key industry drivers, such as population, median houshold income, new business formation, tax credits for energy efficiency, electric power consumption and price of natural gas are impacting Solar Power in New Jersey

New Jersey Economic Indicators

Population
Median Houshold Income
New Business Formation

View more economic information in NJ State Economic profile

US Key External Drivers

Tax credits for energy efficiency
Electric power consumption
Price of natural gas

For the full list of industry drivers, see report purchase options.

County Data of the Solar Power industry in New Jersey

Access proprietary data on county in the Solar Power in New Jersey, such as Bergen County, Somerset County and Mercer County. Data includes figures on revenue, establishments, employees and wages by counties.

Key Statistics of the Solar Power industry in New Jersey

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Solar Power industry in New Jersey in 2025?

The market size of the Solar Power industry in New Jersey is $1.0bn in 2025.

How many businesses are there in the Solar Power industry in New Jersey in 2025?

There are 35 businesses in the Solar Power industry in New Jersey, which has been growing at an average annual rate of 28.5% from 2020 to 2025.

Has the Solar Power industry in New Jersey grown or declined over the past 5 years?

The market size of the Solar Power industry in New Jersey has been growing at an average annual rate of 23.3% from 2020 to 2025.

How many employees in the Solar Power industry in New Jersey in 2025?

There are 327 employees in the Solar Power industry in New Jersey, which has been growing at an average annual rate of 36.5% from 2020 to 2025.