Electricity rates › New Jersey

New Jersey electricity rates

Homes in New Jersey pay an average of 19.3¢ per kWh, 17% above the US average, and use 662 kWh a month. New Jersey ranks #11 of 51 for residential electricity prices.

19.3¢average price per kWh

662 kWhaverage use per month

$128average monthly bill

#11 of 51price rank (1 = most expensive)

Residential rates by utility in New Jersey

Utility	¢/kWh	ZIP codes served
Public Service Elec & Gas Co	18.8	362
Jersey Central Power & Lt Co	14.0	298
Atlantic City Electric Co	20.6	137
Rockland Electric Co	18.7	47
City of Vineland	17.8	9

Average residential rates for full-service utilities, from NREL’s utility rates by ZIP code (2023). In areas with retail choice, your price depends on the plan you pick.

Is solar worth it in New Jersey?

At 19.3¢ per kWh, every 1,000 kWh your roof makes and you use yourself is worth about $193. A system that covers the average New Jersey home would replace about 7,944 kWh a year, roughly $1,536 of electricity at today’s prices.

6.0 kWsystem for an average home (15 panels)

$18,000rough installed cost

$1,536electricity saved per year

~12 yearssimple payback

Assumes a typical 1,350 kWh per kW of panels a year and $3.00/W installed, before incentives and price increases. Your roof’s direction, pitch and shade change these numbers; the estimator measures them for your address.

Plan solar for your New Jersey home

State figures: EIA Table 5A, 2024 Average Monthly Bill - Residential (forms EIA-861, 861S, 861U).