NJ Solar Savings Calculator 2026 —
PSE&G, JCP&L & ACE
Enter your monthly electric bill and kWh usage. The calculator instantly shows your effective cost per kWh (your total bill divided by how many kWh you used — the real all-in rate including delivery, supply, and every fee), your monthly solar savings from day one, and your 25-year total savings projection.
Updated for 2026 NJ utility rates. Works for all three major NJ utilities — PSE&G, JCP&L, and Atlantic City Electric.
How to use this calculator
- Select your utility — PSE&G, JCP&L, or ACE. This sets a typical starting bill based on NJ’s post-2025 rate increases.
- Enter your monthly kWh used — find this on your bill, usually labeled “Total kWh” or “Energy Used.”
- Enter your monthly electric bill — electric only, not gas. The calculator will show your effective all-in rate (bill ÷ kWh).
- Enter your solar rate — Solar by Omar’s current NJ lease rate is approximately $0.16–$0.18/kWh fixed for 25 years.
- See your results instantly — month-one savings, year-one savings, and 25-year total.
☀ NJ SOLAR SAVINGS CALCULATOR
Solar by Omar · Serving New Jersey Homeowners · Updated 2026
⚡ YOUR NJ UTILITY
☀ YOUR SOLAR RATE
💰 YOUR SAVINGS ANALYSIS
Utility Rate
$0.0000
Solar Rate
$0.0000
You Save Per kWh
$0.0000
Month 1 Savings
Year 1 Annual Savings
📈 PROJECTED MONTHLY BILL
25-YEAR TOTAL SAVINGS
vs. staying on the grid at current rates
NJ SuSI TREC Bonus — Not Included Above
New Jersey’s SuSI program pays solar homeowners $85.90 per MWh generated for 15 years — on top of your energy savings. A typical NJ system earns an additional $815–$1,000/year in TREC income. This calculator shows your bill savings only; add ~$68–$83/month extra on top.
Understanding Your NJ Solar Savings Calculation
The most important number in this calculator — and the one most NJ homeowners don’t know — is their effective cost per kWh. This is calculated by dividing your total monthly electric bill by how many kilowatt-hours you used that month. It’s the only rate that matters for solar savings math.
Why does this differ from what you see on your bill? Your utility statement typically shows a “Price to Compare” or “Basic Generation Service” rate — this covers supply only, around $0.17/kWh for PSE&G. But your bill also includes delivery charges, transmission fees, SBC charges, taxes, and other line items. When all of those are added together and divided by your kWh used, PSE&G customers are paying approximately $0.29/kWh all-in — over 70% higher than the supply rate alone.
Solar savings are calculated against your effective all-in rate — not the supply rate. That’s why the math is so compelling in 2026.
2026 NJ Utility Rates — What You’re Actually Paying
Following the BPU-approved rate increases in 2025, all three major NJ utilities saw significant all-in rate increases. Here’s the current landscape:
| Utility | All-In Blended Rate | Avg Monthly Bill (650 kWh) | Net Metering Credit Value |
|---|---|---|---|
| PSE&G | ~$0.29/kWh | ~$189/mo | $0.29 per kWh exported |
| JCP&L | ~$0.32/kWh | ~$208/mo | $0.32 per kWh exported |
| ACE (Atlantic City Electric) | ~$0.29/kWh | ~$189/mo | $0.29 per kWh exported |
These rates are estimates based on post-2025 increase data. Your exact effective rate depends on your specific usage — which is why the calculator asks for both your bill and your kWh. Two homes on the same street with different usage patterns will have slightly different effective rates.
What This Calculator Doesn’t Include — NJ SuSI TREC Income
This calculator shows your direct bill savings — the difference between what you’d pay on the grid vs. what you pay on solar. It does not include NJ SuSI TREC income, which is an additional payment on top of your energy savings.
The NJ SuSI program pays solar homeowners $85.90 per megawatt-hour generated, guaranteed for 15 years. On a typical 8kW NJ system that adds approximately $815–$875/year in direct income — about $68–$73/month — paid quarterly to your account. Add this to whatever the calculator shows for a complete picture of your total solar financial benefit.
How to Read Your NJ Electric Bill for This Calculator
Finding your monthly kWh used
Look for a line labeled “Total kWh,” “Energy Used,” “kWh Consumed,” or “Usage.” It’s usually near the top of the bill or in the usage history section. For PSE&G bills it’s on the first page. For JCP&L it’s in the “Electric Service” section. For ACE it’s labeled “Total kWh Used.”
Finding your monthly bill amount
Use your total electric bill amount — the number you actually pay. If you have a combined gas and electric bill, look for the electric subtotal only. Don’t include gas charges in your solar savings calculation.
What the effective rate means
Once you enter both numbers, the calculator shows your effective cost per kWh — bill divided by kWh. This is your real solar savings opportunity. If your effective rate is $0.29/kWh and solar costs $0.16/kWh, you save $0.13 on every kilowatt-hour your panels produce. Multiply that by 10,000+ kWh per year and that’s where the big savings number comes from.
NJ Solar Calculator — Frequently Asked Questions
Ready for Real Numbers on Your Specific Home?
This calculator gives you a solid estimate. A custom Solar by Omar analysis gives you exact numbers — based on your actual roof, your utility grid status, and your bill.
⚡ Get My Free NJ Solar AnalysisIs solar worth it in NJ? → · NJ solar incentives 2026 → · Lease vs loan → · NJ SuSI program →