Perry released his first solo record, the self-titled Joe Perry, in May 2005. It was recorded at his home studio (The Boneyard) in suburban Boston, with every instrument but the drums played by Perry himself. Critics also responded favorably;Rolling Stone magazine crowned it with three-and-a-half (out of five) stars, declaring „A Joe Perry solo joint? about time!” He was also nominated for „Best Rock Instrumental” at the 2006 Grammys for the track „Mercy” but lost to Les Paul.
In 2009, while on tour with Aerosmith, Joe Perry announced that he would be releasing a new Joe Perry Project album entitled Have Guitar, Will Travel, which was released on October 6, 2009. The first single from the album was „We’ve Got a Long Way to Go.” This marks the first Joe Perry Project album since 1983’s Once a Rocker, Always a Rocker, and the fifth Joe Perry solo album in total, counting the 2005 self-titled album. He toured Europe and the States for some month 2009 performing his solo album while Aerosmith singer Steven Tyler was menacing to quit the band.