Electricity Rates in Palisades park, NJ
Residents of Palisades park, 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 Palisades park
| 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 Palisades park
At 13.0¢/kWh, a typical Palisades park 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 Palisades park
Charging an electric vehicle at home in Palisades park 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 Palisades park, NJ?
The average residential electricity rate in Palisades park, 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 Palisades park?
Palisades park is served by 1 electricity provider. Public Service Elec & Gas Co is the largest provider in the area.
How do Palisades park electricity rates compare to the rest of New Jersey?
Palisades park'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.