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FLAT Rate Structure

Solar ROI for PSE&G New Jersey Customers

PSE&G New Jersey charges an average of $17.8¢/kWh. A 7 kW solar system produces a $11,690 NPV over 25 years.

$13,720
Net System Cost
$11,690
25-Year NPV
9 years
Payback Period
$0.162/kWh
Solar LCOE

PSE&G New Jersey Rate Structure

ParameterRate
Average residential rate$17.8¢/kWh
Rate structureFLAT
Export credit policy1:1 net metering. SREC-II certificates ($80-100/MWh).

Solar System Economics

A 7 kW solar system for a PSE&G New Jersey customer costs $19,600 before incentives. The 30% federal ITC saves $5,880. The net out-of-pocket cost is $13,720.

At PSE&G New Jersey's $17.8¢/kWh average rate, the system saves $1,558 in year one, producing 8,750 kWh. The solar LCOE of $0.162/kWh is 9% below PSE&G New Jersey's current rate.

Battery Storage for PSE&G New Jersey Customers

$8,400
Battery Net Cost
$0
Daily Arbitrage
$0
Annual Arbitrage
-$11,382
25-Year Battery NPV

PSE&G New Jersey uses a flat rate structure without significant peak/off-peak spread. Battery value comes primarily from backup power and net metering optimization rather than TOU arbitrage.

FAQ: Solar for PSE&G New Jersey Customers

How much can PSE&G New Jersey customers save with solar?
A typical 7 kW solar system saves PSE&G New Jersey customers approximately $1,558/year in electricity costs. Over 25 years, the NPV of savings after system costs is $11,690.
What is PSE&G New Jersey's rate structure?
PSE&G New Jersey uses a flat rate structure at an average of $17.8¢/kWh. Without a large peak/off-peak spread, battery storage value comes primarily from backup power and net metering optimization.
Does PSE&G New Jersey offer net metering?
1:1 net metering. SREC-II certificates ($80-100/MWh).
Should PSE&G New Jersey customers add battery storage?
Battery storage for PSE&G New Jersey customers has a 25-year NPV of -$11,382. The economics are marginal based on TOU savings alone, but backup power value and future grid services programs may change the equation.

Other Utilities in New Jersey

Jersey Central Power & Light
$18.5¢/kWh · FLAT
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