Residents in Point Pleasant Beach, NJ who request quotes on the EnergySage Marketplace spend an average of $293 monthly on electricity. That adds up to $3,516 per year. A different way to look at it is that a typical Point Pleasant Beach, NJ resident uses 1,454 kWh of electricity per month and 17,448 kWh over the year.
(For what it’s worth: Point Pleasant Beach, NJ residents shopping for solar on EnergySage may use more electricity than a typical household.)
The easiest way to compare electricity costs across regions is to look at the electricity rate. In the U.S., residential rates generally range from 11 ¢/kWh all the way up to 34 ¢/kWh.
As of January 2026, the cost of electricity in Point Pleasant Beach, NJ is 20 ¢/kilowatt-hour (kWh)—roughly the same as the national average cost. That number is based on real-world electric bills shared with EnergySage over the past 12 months. You can compare that number to the most recent average state electric price reported by the U.S. Energy Information Administration (EIA).
The main utility companies in New Jersey include Atlantic City Electric, Jersey Central Power & Light, Orange & Rockland, and PSE&G. All four are Investor Owned Utilities (IOUs).
Some cities in New Jersey receive power through a Municipal Light Department rather than an IOU. Municipalities, like Vineland Municipal, don’t have the same regulations as an IOU. While they might offer lower rates or community benefits, they often lack perks such as net metering.
New Jersey has a deregulated electricity market, which means that even though you can’t choose your utility company, you might be able to choose your electricity supplier. Sometimes, this can reduce your electric bills. Some offer specific plans for solar owners.
If your utility company participates in a municipal electric aggregation program, you may be eligible to save through a group-buying program. While you’ll have the same utility company, you can receive a lower rate for purchasing as a group.
If you find a better plan, our partner WattBuy will contact your utility provider to switch you for free.
When you pay your electric bill, you’re not only covering the costs to produce that electricity, but also the costs of running and maintaining the electrical grid, as well as public benefit funds that promote things like renewable energy and energy efficiency.
Electric bill costs are rolled into fixed (monthly customer charges) and variable charges (¢/kWh that you use).
Fixed charges, like the flat fee for having a meter, generally remain the same monthly unless your utility makes a policy update.
Your variable charges will change every month and depend on your electricity rate and how much electricity you use.
Your electric bill's variable charges will include a supply (or generation) charge and a transmission and distribution (or delivery) charge. The supply charge covers the cost of electricity generation, while the transmission and distribution charges cover the cost of delivering it to your home.
Most energy customers in New Jersey pay a fixed rate for every kWh of electricity. Bill payments may vary based on the amount of energy consumed, but will not change throughout the day. Variable-rate plans are offered by some energy companies in New Jersey, such as time-of-use rates or demand charge plans, but they are less common for residential customers.
How clean is the electricity in New Jersey?
Based on U.S. Energy Information Administration data, about 95% of the electricity on New Jersey's utility grid still comes from nonrenewable resources. While there's no coal in the mix, the main sources, as of August 2025, are natural gas at 53% and nuclear at 42%. With only about 4% of renewable energy used for the grid, going solar in New Jersey is a great way to support a cleaner future for the state.
Some electricity suppliers offer renewable electricity plans. They’re not usually the lowest rate option, but they are a way to support clean energy generation in the state. If buying a solar panel system isn't for you, choosing a green electricity plan is a good alternative, though it won't offer the same savings.
As long as you have a suitable roof, one of the surest ways to save on energy is to go solar—ideally with a vetted contractor offering a competitive price.
Solar panels will reduce or even eliminate your electric bills in the short term and protect you against rising electricity costs in the long run, too. The amount you save depends on how much you spend on electricity now and how much of your electric bill you can offset with solar energy.
Solar panels are a big investment, but Point Pleasant Beach, NJ homeowners who install them—and pay upfront—break even after an average of just 7.79 years. Then, the solar panels will continue to produce free electricity for years to come.
Does New Jersey offer net metering?
When your solar panels generate more electricity than your home needs, you can sell extra energy to your utility company for bill credits through a net metering program. The major utility companies in New Jersey (PSE&G, Jersey Central Power & Light, and Atlantic City Electric) offer net metering. So, when the sun isn't shining, you can use the credits to pay for electricity from the grid.
New Jersey’s net metering program provides a full retail rate per kWh for energy up to your annual usage. Any excess energy beyond your home’s yearly consumption is credited at a wholesale rate, typically lower than the retail rate.
With this program, you may owe little to nothing on your electric bill.
How much can you save with solar?
The Garden State has high electricity rates and offers attractive renewable energy incentives. This means big savings when you go solar in Point Pleasant Beach, NJ.
Just take a look at how much you'll spend on electricity over time based on your current bill. It’s easy to see how going solar can pay off quickly.
Electricity cost over time in New Jersey
Current monthly electric bill | 10-year electricity cost | 20-year electricity cost | 30-year electricity cost |
|---|---|---|---|
$50 | $6,600 | $15,000 | $25,000 |
$100 | $13,000 | $29,000 | $49,000 |
$150 | $20,000 | $44,000 | $74,000 |
$200 | $26,000 | $59,000 | $99,000 |
$250 | $33,000 | $74,000 | $120,000 |
Assuming a 2% annual increase based on inflation and average annual electric rate increases in New Jersey.
Let's assume you pay $293 for electricity monthly (the Point Pleasant Beach, NJ average) and that electricity prices increase by 2% annually. Let's also assume you buy your solar panel system upfront and that it costs you $33,000 before any available incentives.
In the first year with solar, you'll avoid spending $3,500 on electric bills. Over five years, you'll avoid $18,300; by 10 years, you'll have avoided $38,700. Solar panels are usually covered under warranty for 25 years—by then, you'll have avoided spending $114,100 on electric bills in Point Pleasant Beach, NJ.
The average payback period in Point Pleasant Beach, NJ is 7.79 years, so by this point, you've already broken even on your investment. When you subtract your upfront installation cost, you'll pocket $81,200 over 25 years with solar.
Your solar savings depend on you
How much your utility company charges for electricity is a big indicator of how much you'll save with solar. But your exact solar savings depend on your unique situation—including your energy usage, roof layout, system size, and how you pay for your system.
Here are some reasons your savings could be below average:
You don’t use much electricity, or your roof is small or has a less-than-ideal layout. You might have a relatively long payback period, so you'll save a little less over time.
You don't install enough solar panels to 100% offset your energy use. You’ll pay less up front but save less in the long run.
You finance your solar panel system with a loan or sign a lease or power purchase agreement (PPA) instead of paying up front. These types of arrangements can make a lot of sense for keeping your capital flexible and will allow you to start saving sooner. But they will cut into your long-term savings.
Choosing a high-quality solar installer is the key to getting a top-notch solar panel system that will help you save on electric bills.
We pre-screen all solar companies on EnergySage to ensure they get the job done right. Here are the highest-rated EnergySage installers in Point Pleasant Beach, NJ:
Elite+ InstallerScreened & Verified4.9 /5.0102 Reviews
Elite+ InstallerScreened & Verified4.9 /5.0455 Reviews
Elite+ InstallerScreened & Verified4.8 /5.0361 Reviews
Elite InstallerScreened & Verified5.0 /5.084 Reviews
Advanced InstallerScreened & Verified5.0 /5.039 Reviews
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