The Battery-First Method That Cuts Solar Payback in Half
May 9, 2026Solar Loan vs Lease vs PPA — Which Saves You the Most?
May 9, 2026If your PSE&G or JCP&L bill has gone up 20–40% over the past three years, you’re not imagining it. NJ utility rates have risen steadily, and the trajectory isn’t changing. Here’s what’s driving it and what you can do about it.
Why NJ Electric Rates Keep Rising
Utilities have been investing heavily in grid modernisation, transmission infrastructure, and storm hardening — all of which get recovered through rate increases approved by the NJ Board of Public Utilities. These are multi-year capital programs. The rate pressure isn’t going away.
The EV and Heat Pump Effect
As more homes electrify — switching from gas heating to heat pumps, adding EVs — grid demand is growing. More demand on a system designed for lower loads requires more infrastructure investment. More investment means more rate cases. The cycle continues.
What $0.20+/kWh Means for Your Bill
The average NJ home uses about 1,000 kWh/month. At $0.20/kWh that’s $200/month before taxes and fees. The all-in rate with delivery charges, taxes, and surcharges is often $0.22–$0.26/kWh for PSE&G customers — meaning actual bills run $220–$260/month for average-use homes.
Solar Locks In Your Rate
When you own a solar system, you’re producing your own electricity at a fixed cost — the cost of the system — not at whatever the utility charges next year. Every time PSE&G raises rates, your solar savings increase. The payback period gets shorter as rates rise.
The NJ SREC Bonus
On top of direct bill savings, NJ homeowners who own solar earn SREC income — paid quarterly regardless of what the utility charges. It’s a second return stream that makes NJ one of the country’s best solar markets.
Find Out What Solar Saves You in Your Home
Every home is different — roof angle, usage, utility rate, and local incentives all affect your numbers. Enter your monthly electric bill below for a free savings estimate. Jon reviews every submission personally and follows up within 2 hours.
Lock In Your Electric Rate With NJ Solar
Every month you wait, you pay PSE&G or JCP&L rates that have risen 20–40% in three years and show no sign of reversing. A solar system locks in your energy cost for 25 years. Jon can show you the exact savings projection for your home. Book a free call or use the Solar Savings Estimator.
