Madison Municipal Utilities

Madison Municipal Utilities serves customers in Madison in New Jersey with a residential electricity rate of $0.21 per kWh. This is 26% above the national average of $0.168/kWh, meaning solar savings are especially significant for customers looking to reduce their energy costs.

At current rates, a typical Madison Municipal Utilities household using 900 kWh per month spends approximately $2,292 per year on electricity. An 8 kW solar system can offset most or all of that usage, saving an estimated $2,037 annually and $74,272 over the 25-year life of the system. The estimated payback period is 11.5 years.

Madison Municipal Utilities offers net metering for solar customers. The utility provides a solar rebate of $0.40 per watt up to $4,000. Third-party ownership through solar leases and power purchase agreements (PPAs) is available, which can qualify for the 30% commercial Investment Tax Credit under Section 48.

The federal residential solar tax credit (Section 25D) expired at the end of 2025. State and utility-level incentives are now the primary financial benefits for homeowners going solar. NuWatt Energy handles the entire process from system design through permits and Madison Municipal Utilities interconnection, ensuring you receive every available rebate.