On average, electricity users in Ocean County, NJ spend about $148 per month on electricity. That adds up to $1,776 per year.
That’s 7% lower than the national average electric bill of $1,919. The average electricity rates in Ocean County, NJ cost 15 ¢/kilowatt-hour (kWh), so that means that the average electricity customer in Ocean County, NJ is using 994 kWh of electricity per month, and 11,928 kWh over the course of the year.
Solar saves you money by reducing or eliminating your monthly electricity bill. The amount that you can save with solar in Ocean County, NJ is based on two factors: how much you spend on electricity now and how much of your electricity bill you can offset with solar.
Based on the intensity and amount of sunlight hours in Ocean County, NJ, the average electricity customer in Ocean County, NJ will need a 9.9 kilowatt (kW) solar panel system to offset 100% of their annual electricity consumption of 11,928 kWh per year. On the EnergySage Marketplace, solar shoppers in Ocean County, NJ pay an average of $30,000 for a 9.9 kW solar panel system prior to incentives.
The savings from offsetting 100% of an electricity bill with solar can add up fast! Assuming an 0.0% annual increase in electricity prices, someone in Ocean County, NJ can expect to save $1,800 in their first year, $8,900 over five years, $17,700 over 10 years, and $35,500 over 20 years on electricity bills.
Even if onsite solar doesn’t make sense for you, you can still participate in the clean energy transition and save on your electricity bills by subscribing to a community solar farm. Community solar programs in Ocean County, NJ typically save you 5-15% in electricity costs over the course of the year. For the average electricity customer in Ocean County, NJ, 10% annual savings would amount to $178 in savings per year.
Monthly electricity bills are a product of how much electricity you use per month and the rate you pay for electricity. In Ocean County, NJ, the average monthly electricity bill for residential consumers is $148/month, which is calculated by multiplying the average monthly consumption by the average rate for electricity: 994 kWh * 15 ¢/kWh.
The average residential electricity rate in Ocean County, NJ is 15 ¢/kWh, which is 14% lower than the average electricity rate in New Jersey of 17.22 ¢/kWh. The average residential electricity rate in Ocean County, NJ is 3% lower than the national average rate of 15 ¢/kWh.
Solar panel systems help you save money by reducing your monthly electricity bills. Although a $50 or $100 electricity bill might not seem like much when you pay it each month, those bills add up quickly over ten, twenty or even thirty years: if you pay $100 per month in electricity now, you’ll pay over $36,000 on electricity over the next thirty years!
|EXISTING BILL||10 YEAR COST||20 YEAR COST||30 YEAR COST|
Assuming a 0.0% annual increase based on inflation and average annual rate increases.