Electricity Rates in New milford, NJ
Residents of New milford, NJ benefit from relatively low electricity rates, averaging 13.0¢/kWh — 26.9% below the national average. Public Service Elec & Gas Co serves the area.
Electricity Providers in New milford
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Public Service Elec & Gas Co | 13.0¢/kWh | 10.0¢/kWh | Investor Owned |
Estimated Monthly Electric Bill
Based on the average residential rate of 13.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in New milford
At 13.0¢/kWh, a typical New milford household spends approximately $1382.16/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 New milford
Charging an electric vehicle at home in New milford costs approximately $117.00/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 New milford, NJ?
The average residential electricity rate in New milford, NJ is 13.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $115.18 for a typical household.
Who provides electricity in New milford?
New milford is served by 1 electricity provider. Public Service Elec & Gas Co is the largest provider in the area.
How do New milford electricity rates compare to the rest of New Jersey?
New milford's average rate of 13.0¢/kWh is close to the New Jersey state average of 13.0¢/kWh. Rates are typical for the region.