Quick Answer
PSE&G currently charges $0.2600/kWh, up 16.9% year-over-year. An 8 kW solar system saves approximately $2,496/year at this rate.
PSE&G Electricity Rate Tracker 2026
Track PSE&G's residential electricity rates over time and see how rate changes impact solar panel savings for New Jersey homeowners.
Current Residential Rate
$0.2600/kWh
Service Territory
Northern and central New Jersey
Customers
2.3M
Rate Type
regulated
Primary State
New Jersey
Rate History
PSE&G's residential electricity rate from January 2024 to the present. The orange bar represents the current rate.
Rate History Details
| Month | Rate ($/kWh) | Change | Source |
|---|---|---|---|
| January 2026Current | $0.2600 | -0.1% | PSE&G current tariff |
| June 2025 | $0.2602 | +16.9% | PSE&G +17% rate increase |
| January 2025 | $0.2225 | +0.5% | PSE&G rate filing |
| June 2024 | $0.2215 | +5.2% | EIA Form 861 |
| January 2024 | $0.2105 | -- | EIA Form 861 |
What PSE&G Rates Mean for Solar
Based on PSE&G's current rate of $0.2600/kWh, here is what an average 8 kW residential solar system delivers in savings. These figures assume a system cost of $3.10/W with no federal tax credit (expired Dec 2025), 1,200 kWh/kW annual production, and 0.4% annual panel degradation.
$2,496
8 kW system at current rate
9.9 years
Cash purchase, no ITC
$86,080
3% annual rate escalation
Frequently Asked Questions
What is PSE&G's current electricity rate?
How much have PSE&G rates increased?
How much can I save with solar on PSE&G?
Does PSE&G offer solar incentives in New Jersey?
Lock In Your Savings Before Rates Rise Again
PSE&G rates have risen 16.9% over the past year. Solar lets you generate your own electricity and protect against future increases. Get a free custom estimate for your home.
Get Your Free Solar Estimate