Madison Municipal Utilities

Madison Municipal Utilities serves customers in Madison in New Jersey with a residential electricity rate of $0.16 per kWh. This is 5% below the national average of $0.168/kWh, though solar still delivers strong returns with today’s lower installation prices.

At current rates, a typical Madison Municipal Utilities household using 900 kWh per month spends approximately $1,728 per year on electricity. An 8 kW solar system can offset most or all of that usage, saving an estimated $1,536 annually and $56,001 over the 25-year life of the system. With New Jersey incentives of $7,200, the net system cost drops to $18,816, with a payback period of just 12.3 years.

As a municipal utility, Madison Municipal Utilities sets its own rates and policies independently. Madison Municipal Utilities offers net metering, allowing solar customers to receive credits for excess energy sent back to the grid. The utility offers a solar rebate of $0.40 per watt up to $4,000.

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.