Electricity Rates in Toms River, NJ
Average electricity cost, utility comparison, and solar savings potential for Toms River homeowners.
Toms River Electricity Cost Overview
The average residential electricity rate in Toms River, NJ is $0.17 per kWh, which is 6% above the national average of $0.16/kWh. Homeowners in Toms River pay an average of $160 per month for electricity, based on typical usage of 939 kWh per month.
Electricity rates in Toms River are determined by the local utility providers that serve the area. Rates can vary depending on your specific utility, usage level, and time of use. Since New Jersey has a deregulated electricity market, Toms River residents can shop for competitive rates from alternative suppliers.
Electric Utilities Serving Toms River
| Utility Company | Avg Rate ($/kWh) | Est. Monthly Bill |
|---|---|---|
| PSE&G (Public Service Electric) | $0.17 | $160 |
| JCP&L (Jersey Central) | $0.18 | $169 |
| Atlantic City Electric | $0.16 | $150 |
How Solar Compares to Toms River Electricity Rates
Without Solar
- Monthly bill: $160
- Annual cost: $1,920
- 25-year cost: $48,000
- Rate trend: Rising 2-5% annually
With Solar
- Monthly savings: $131
- Annual savings: $1,572
- 25-year savings: $40,000
- Rate: Locked in for 25+ years
Electricity Rates FAQ - Toms River, NJ
The average residential electricity rate in Toms River is $0.17 per kilowatt-hour (kWh), which is 6% above the national average of $0.16/kWh. The average monthly electric bill for Toms River homeowners is approximately $160.
With solar panels, Toms River homeowners can reduce their electricity costs by approximately 82%, saving around $131 per month or $40,000 over 25 years. The 30% federal tax credit further reduces the upfront cost of going solar.
The major electric utilities serving the Toms River area include PSE&G (Public Service Electric), JCP&L (Jersey Central), Atlantic City Electric. Rates vary between providers, so your exact cost depends on your utility and usage level.
Yes, electricity rates in Toms River and across New Jersey have been increasing, following national trends of 2-5% annual increases. This makes solar panels an increasingly attractive option since they lock in your energy costs for 25+ years.
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