Electricity Rates in Tenafly, NJ
Tenafly, NJ is in a deregulated electricity market with 2 providers available. The average residential rate is 13.0¢/kWh, close to the New Jersey average of 13.0¢/kWh. Residents may be able to switch providers to find a lower rate.
Electricity Providers in Tenafly
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Public Service Elec & Gas Co | 13.0¢/kWh | 10.0¢/kWh | Investor Owned |
| Rockland Electric 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 Tenafly
At 13.0¢/kWh, a typical Tenafly 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 Tenafly
Charging an electric vehicle at home in Tenafly 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 Tenafly, NJ?
The average residential electricity rate in Tenafly, 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 Tenafly?
Tenafly is served by 2 electricity providers. Rockland Electric Co is the largest provider in the area, though rates and availability vary by specific address.
How do Tenafly electricity rates compare to the rest of New Jersey?
Tenafly'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.