Electricity Rates in Cherry hill, NJ
Cherry hill, NJ is in a deregulated electricity market with 2 providers available. The average residential rate is 14.0¢/kWh, 7.7% above the New Jersey average of 13.0¢/kWh. Residents may be able to switch providers to find a lower rate.
Electricity Providers in Cherry hill
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Atlantic City Electric Co | 17.0¢/kWh | 13.0¢/kWh | Investor Owned |
| Public Service Elec & Gas Co | 13.0¢/kWh | 10.0¢/kWh | Investor Owned |
Estimated Monthly Electric Bill
Based on the average residential rate of 14.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Cherry hill
At 14.0¢/kWh, a typical Cherry hill household spends approximately $1488.48/year on electricity. Solar panels could reduce this by 50–90%.
The federal solar tax credit covers 30% of installation costs through 2032.
EV Charging Costs in Cherry hill
Charging an electric vehicle at home in Cherry hill costs approximately $126.00/month at current rates, based on average driving habits (about 30 kWh per charge, charged daily). Compare to public charging prices at ChargeBuddy.ai.
Nearby Cities in New Jersey
Frequently Asked Questions
What is the average electricity rate in Cherry hill, NJ?
The average residential electricity rate in Cherry hill, NJ is 14.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $124.04 for a typical household.
Who provides electricity in Cherry hill?
Cherry hill is served by 2 electricity providers. Public Service Elec & Gas Co is the largest provider in the area, though rates and availability vary by specific address.
How do Cherry hill electricity rates compare to the rest of New Jersey?
Cherry hill's average rate of 14.0¢/kWh is 7.7% above the New Jersey state average of 13.0¢/kWh. Residents may benefit from exploring solar energy to offset higher electricity costs.