New Jersey Guide · Updated April 2026

New Jersey Rebates & Credits: Programs Coming, Massive Property Tax Relief Now

New Jersey's IRA programs ($183M) are still being set up. But with the highest property tax rate in the country (2.23%), ANCHOR and Homestead Benefit programs provide critical tax relief now.

What rebates and credits are available in New Jersey right now?

New Jersey homeowners can access federal tax credits, state HOMES/HEAR rebate programs, and local property tax exemptions. Here is the current status of every major program as of April 2026:

ProgramValueStatusSource
HOMES Rebate ProgramUp to $8,000Coming Soon.gov
HEAR Electrification RebateUp to $14,000Coming Soon.gov
ANCHOR Property Tax ReliefUp to $1,750/yearAvailable.gov
Federal Energy Credits$500 - $12,000Available.gov

What should New Jersey homeowners know about these programs?

HOMES and HEAR ($183M) still in program administration setup — no launch date

Highest property tax rate in the country (2.23%) — ANCHOR credit is essential

ANCHOR provides up to $1,750 property tax relief for homeowners

NJ Clean Energy Comfort Partners offers free efficiency improvements for income-eligible

How much can New Jersey homeowners save with each program?

HOMES Rebate Program

Coming Soon
Up to $8,000

$91.6M allocated. RFQ for program administration approved Dec 2024. No public launch date announced.

Official program page →

HEAR Electrification Rebate

Coming Soon
Up to $14,000

$91.3M allocated. Same timeline as HOMES. Being integrated with Comfort Partners program.

Official program page →

ANCHOR Property Tax Relief

Up to $1,750/year

New Jersey's ANCHOR program provides direct property tax credits for homeowners. Essential given NJ's 2.23% average rate.

Official program page →

Federal Energy Credits

$500 - $12,000

Don't wait for state programs. Solar, heat pump, and efficiency credits available now.

Official program page →

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How much could you save in New Jersey?

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