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The SuSI program provides 15-year incentive payments, one of the best solar programs in the country. Compare rates across 12 utilities and browse solar savings for 279 towns.
12.0¢–23.0¢
/kWh by utility
12
4 IOU · 7 Muni · 1 Co-op
100%
of utilities
$42k
conservative · 20.3yr payback
New Jersey residents across 279 towns and cities are served by 12 electric utilities, with residential rates ranging from 12.0¢ to 23.0¢ per kWh. Even the lowest rate is well above the national average of 16.8¢/kWh, making solar an especially strong financial investment in higher-rate utility territories.On the lowest rate ($12.0¢/kWh), a typical 8 kW system saves at least $$1,152/year — your savings scale up with your utility's rate.
The federal residential solar tax credit (Section 25D) expired at the end of 2025. This means homeowners who buy solar with cash or a loan no longer receive a federal tax credit. State and utility-level rebates are now the primary way to reduce your solar investment. Third-party owned systems (leases and PPAs) still qualify for 30% under Section 48/48E.
100% of New Jersey utilities offer net metering, allowing solar homeowners to earn bill credits for excess energy. The state has 7 municipal utilities, many offering their own rebate programs independent of statewide programs.Browse the towns below to see exact rates, incentives, and savings estimates for your specific location.
12 utilities · sorted by rate
| Utility | Type | Rate | Net Metering | Solar Rebate | |
|---|---|---|---|---|---|
| PSE&G | IOU | 23.0¢ | — | Details → | |
| PSEG (NJ) | IOU | 22.5¢ | — | Details → | |
| Madison Municipal Utilities | Municipal | 21.2¢ | $0.40/W | Details → | |
| Milltown Municipal Utility | Municipal | 17.7¢ | — | Details → | |
| Jersey Central Power & Light | IOU | 17.5¢ | — | Details → | |
| Vineland Municipal Electric Utility | Municipal | 17.0¢ | $0.50/W | Details → | |
| Park Ridge Municipal Utilities | Municipal | 16.0¢ | — | Details → | |
| Atlantic City Electric | IOU | 16.0¢ | — | Details → | |
| Lavallette Municipal Electric | Municipal | 16.0¢ | — | Details → | |
| Seaside Heights Electric | Municipal | 16.0¢ | — | Details → | |
| Sussex Rural Electric Cooperative | Cooperative | 15.4¢ | — | Details → | |
| Butler Electric Utility | Municipal | 12.0¢ | — | Details → |
279 towns with utility-specific data
Conservative — based on lowest rate (12.0¢/kWh); rates range up to 23.0¢/kWh
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