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New Jersey · Updated August 2026
New Jersey electric rates in 2026
What every New Jersey utility actually charges, where the number comes from, and what it means for your bill.
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Every utility, side by side
What New Jersey homeowners pay
| Utility | All-in rate | Full breakdown |
|---|---|---|
| PSE&G | ~26¢ | Newark, Jersey City, Trenton, New Brunswick, Elizabeth and… → |
| JCP&L | ~20¢ | Monmouth, Ocean, Hunterdon, Morris, Somerset and much of c… → |
| Atlantic City Electric | ~27–30¢ | Atlantic City, Vineland, Cape May, Cumberland, Salem and s… → |
| Rockland Electric | ~24¢ | Bergen and Passaic counties in northern New Jersey… → |
Figures as published August 2026. Each utility resets on its own schedule — check your bill for the rate on your account.
How New Jersey works
Why the number is what it is
New Jersey procures default supply through a Basic Generation Service auction run each February by the Board of Public Utilities, with the new rate period starting 1 June. One reset a year means larger single moves than states that reset quarterly.
The 2026 auction barely moved rates — PSE&G actually fell 1.8%. 2025 is the year that mattered: JCP&L rose 20.20% and PSE&G 17.24%, driven by the PJM capacity price surge.
The honest cost picture
Two ways to pay for solar
If you buy the system you own the equipment, keep any renewable credits, and carry maintenance. If you use a PPA it is $0 upfront — we install and own the system, you buy the power it produces, and you only pay for what it actually generates.
The residential federal tax credit (25D) ended for systems purchased after December 31, 2025.
You will still see ads promising a 30% credit that “ends December 31.” Read the date on them. What remains applies to the owner of the system — which, under a PPA, is us. SolarAmerica does not provide tax advice; talk to your tax professional.
Who you would be working with
SolarAmerica
Sources
Where these numbers come from
Every figure on this page is drawn from a public filing or a published rate schedule. We update it when the utility resets.
- New Jersey Board of Public Utilities — Basic Generation Service auction results
- PJM Interconnection — Base Residual Auction results
- U.S. Energy Information Administration — Electric Power Monthly
- Utility tariff filings
Last updated August 2026.
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