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Residential Rate
Your Project, Our Responsibility — No lead sharing. Your dedicated NuWatt team handles design, permits, and installation.
Based on 8kW system at current rates
System Cost
$26,016
New Jersey State Incentive
-$7,200
Net Cost
$18,816
Payback Period
8.7 years
Annual Savings
$2,160
25-Year Savings
$78,752
PSEG (NJ) serves New Jersey with a residential electricity rate of $0.23 per kWh. This is 34% 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 PSEG (NJ) household using 900 kWh per month spends approximately $2,430 per year on electricity. An 8 kW solar system can offset most or all of that usage, saving an estimated $2,160 annually and $78,752 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 8.7 years.
PSEG (NJ) offers net metering for solar customers, with credits applied as retail. Heat pump rebates of up to $7,500 are available. 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 PSEG (NJ) interconnection, ensuring you receive every available rebate.
Net Metering
Available
Third-Party Ownership
PPAs/Leases allowed
Credit Type
retail
Heat Pump
$7,500
Rebate available
Review your recent PSEG (NJ) electricity bills to understand your average monthly kWh consumption. This helps determine the right solar system size. Most PSEG (NJ) customers use between 600-1,200 kWh per month.
Request a free, no-obligation solar estimate from NuWatt Energy. We analyze your roof, energy usage, and local sun exposure to design the optimal system for your home.
Receive a detailed proposal including system size, expected production, savings projections, and financing options. NuWatt offers cash purchase, solar loans, and lease options to fit your budget.
NuWatt takes care of all permitting and submits the interconnection application to PSEG (NJ) on your behalf. We handle all the paperwork so you don't have to.
Our certified installation team completes your solar installation in 1-3 days. NuWatt manages your entire project from start to finish.
After installation and inspection, PSEG (NJ) activates your net metering connection. Your system begins generating clean energy and reducing your electricity bill from day one.
ZIP Codes (50)
At $0.23/kWh, PSEG (NJ) customers see strong returns from solar.