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Electric Rates

Illustration for the article NJ’s Nearly 20% Electric Rate Hike and What It Means for Your Holiday Light Bill

NJ’s Nearly 20% Electric Rate Hike and What It Means for Your Holiday Light Bill

Summary On June 1, 2025, Jersey Central Power & Light (JCP&L) customers saw their total monthly electric bills rise by roughly 19.6 to 20 percent — the steepest increase among New Jersey’s four regulated utilities. The driver was a wholesale capacity auction held by grid operator PJM in July 2024, which cleared at $269.92 per megawatt-day, nearly ten times the prior year’s result. That single auction outcome flows through to every kilowatt-hour on your December bill. The timing matters for holiday decorating. A 100-count string of standard incandescent mini-lights draws about 40 watts; a comparable LED string draws roughly 4 […]

Illustration for the article How AI Data Centers Are Raising Your New Jersey Electric Bill — and What the State Is Doing About It

How AI Data Centers Are Raising Your New Jersey Electric Bill — and What the State Is Doing About It

Summary If your New Jersey electric bill jumped 17 to 20 percent on June 1, 2025, you were not imagining things — and data centers running artificial intelligence workloads bear a large share of the blame. According to the independent market monitor for the PJM grid that serves New Jersey, data centers were responsible for 63 percent of the cost increase in the most recent capacity auction, translating to roughly $9.3 billion passed on to customers across the PJM region in higher electric rates. To understand the scale of the problem: a single hyperscale data center drawing 100 megawatts of

Illustration for the article NJ SREC-II Incentive Drops to $77/MWh: What Monmouth County Homeowners Need to Know

NJ SREC-II Incentive Drops to $77/MWh: What Monmouth County Homeowners Need to Know

Summary The New Jersey Board of Public Utilities (NJBPU) voted on May 21, 2026 to reduce the residential Administratively Determined Incentive (ADI) — the program most homeowners know as SREC-II — from $85 to $77 per megawatt-hour. That new rate applies to any residential solar system whose registration is received on or after July 27, 2026. Systems registered before that date remain locked at the higher $85 rate for their full 15-year incentive term. The $8 per MWh difference is modest on a monthly basis, but because the incentive qualification life is 15 years and one certificate is earned for

JCP&L rate increase 2027 and 2028 projection showing higher electric bills for a Monmouth County NJ home

JCP&L Electric Bills Could Climb Again: What NJ Homeowners Should Expect in 2027 & 2028

JCP&L Electric Rate Increases in 2027 and 2028: What New Jersey Homeowners Should Expect Electricity costs have already risen sharply for New Jersey homeowners, and the latest information from the New Jersey Board of Public Utilities (NJBPU), PJM Interconnection and Jersey Central Power & Light (JCP&L) suggests that 2027 and 2028 could bring additional increases. Based on currently available information, Green Sun Energy Services believes homeowners should consider the possibility of approximately an 8% increase in 2027 followed by another 10% increase in 2028 when planning future household electricity expenses. These are planning projections—not approved future JCP&L rate increases. For

Go Solar in 2025 Before the 30% Tax Credit Disappears and NJ Electric Rates Skyrocket

Policy Update: Act Now: The 30% Residential Federal Solar Tax Credit WILL End in 2025

⚠️ URGENT: Go Solar in 2025 Before the 30% Tax Credit Disappears and NJ Electric Rates Skyrocket Major changes are now official — and they could cost New Jersey homeowners thousands of dollars if they don’t act immediately. On July 1, 2025, the Senate passed the “One Big Beautiful Bill,” which terminates the 30% Federal Solar Tax Credit (Section 25D) for residential systems placed in service after December 31, 2025 — nearly a decade earlier than originally planned. Meanwhile, NJ utilities have confirmed electric rate hikes of 17–20% as of June 1, 2025, further driving up household energy bills. 🔥

Go Solar Before August 31, 2025 — Lock In the 30% Federal Tax Credit While You Still Can

Don’t Miss Out: Go Solar in 2025 Before the 30% Tax Credit Disappears!

🛑 The End of the 30% Federal Solar Tax Credit (Section 25D): Why You Must Act Before It’s Too Late If you’ve been considering solar for your home in New Jersey, now is the time to act — because the most valuable financial incentive in residential solar history is about to disappear. ⚠️ What’s Happening? Congress is actively moving to terminate the Section 25D Residential Clean Energy Credit, commonly referred to as the 30% federal solar tax credit, by the end of 2025. A bill already passed in the U.S. House proposes to cut the credit earlier than originally planned.

NJ Electric Rate Hikes Are Coming – Here’s How to Protect Your Wallet

New Jersey residents are about to see yet another increase in their electricity bills, and if you’re tired of unpredictable utility costs, you’re not alone. The New Jersey Board of Public Utilities (BPU) recently approved rate hikes for major utility companies, including PSE&G, JCP&L, and Atlantic City Electric. These increases, set to take effect on June 1, 2025, will raise the average residential electric bill by approximately 17.23 – 20.2%, depending on the service territory: PSE&G: 17.23% increase (+$43.08 on a $250 bill) JCP&L: 20.2% increase (+$50.50 on a $250 bill) Atlantic City Electric: 17.23% increase (+$43.08 on a $250 bill) But what’s

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