Energy Usage in New Jersey
Location: New Jersey
New Jersey deregulated their energy market in 1999 when they passed Electric Discount and Energy Competition Act. This law gave residents and businesses in the state the ability to shop independent electricity providers for the best supply rate. Although New Jersey residents have had the ability to switch providers for nearly 20 years, only about 20% have switched their electricity provider. With the 10th highest electricity rates in the country, New Jersey residents and businesses may be able to find a lower electricity rate by shopping around.
Check Out Our Latest Video on New Jersey Energy Usage
Solar Score for New Jersey
Compare Electricity has developed this solar score a New Jersey residents and businesses of 30/100. While slightly below the national average, it is still viable for solar installation. The score is based on on a combination of factors including how much sun the area receives, roof space and obstacles that may obstruct the sun, electricity generation needed to be cost-effective, and more. Here is a description of each section of the solar score graph:
- Red = “Not Viable” meaning a solar installation would not be cost-effective.
- Yellow = “Viable” meaning a solar installation would pay for itself over time.
- Green = “Very Viable” meaning a solar installation would pay for itself quickly and has large savings potential.
Sources for New Jersey
New Jersey produces energy from a variety of sources. Here are the state’s current energy sources and energy production trends.
- Over 90% of the electricity produced in NJ comes from natural gas or nuclear energy.
- Coal and renewable energy make up the remaining electricity production in New Jersey
- There are 3 nuclear power plants in New Jersey
- Solar power supplies nearly 75% of the renewable energy generated in New Jersey
Looking for a specific city in New Jersey? Check out our featured cities below for more specific energy usage information.
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