BEST UTILITY COMPANIES FOR NET METERING IN New Jersey

In New Jersey, several utility companies offer robust net metering programs that allow residents and businesses with solar systems to earn credits for excess electricity they generate. PSEG (Public Service Enterprise Group) is one of the largest providers, offering net metering to customers in its service area, allowing them to receive credits for the excess solar power sent back to the grid. Jersey Central Power & Light (JCP&L) also provides net metering, making it an attractive option for solar users in central and northern New Jersey. Additionally, Atlantic City Electric (ACE) offers net metering, supporting customers in the southern region of the state. These utility companies help ensure that solar customers are fairly compensated for the energy they contribute to the grid, making solar installations a more financially viable option. With competitive net metering policies, these utilities play a critical role in encouraging the growth of solar energy in New Jersey.

Net Metering Overview: Atlantic City Electric provides net metering to both residential and commercial solar customers. Similar to PSEG, ACE credits customers for excess energy fed into the grid, with credits applied to future bills.

Excess Generation Credits: Energy produced by solar systems in excess of consumption is credited to the customer’s account and can be used to offset future usage during times when the solar system isn’t producing as much, such as during the night or cloudy days.

True-Up Policy: Atlantic City Electric's net metering also includes a true-up at the end of the annual billing cycle. Any unused credits may be compensated or rolled over at a reduced rate, ensuring that customers are compensated fairly for excess energy.

SREC Integration: Like PSEG, ACE also participates in the SREC market, providing a platform for solar customers to monetize their solar energy generation by selling SRECs.

Net Metering Overview: Rockland Electric Company provides net metering for residential and commercial solar customers, offering credits for excess energy that is sent to the grid. Customers can use these credits to offset their energy consumption.

True-Up and Credit Rollovers: At the end of the year, Rockland Electric performs an annual true-up to reconcile any remaining credits. These credits can either be compensated or rolled over into the following year.

SREC Integration: Like other utilities, Rockland Electric participates in the New Jersey SREC market, allowing solar owners to sell SRECs to utilities, providing them with an additional income stream for the solar energy they generate.

Energy Efficiency Programs: Rockland Electric offers energy efficiency programs to encourage customers to reduce their energy consumption in tandem with generating solar power, further promoting sustainability.

Grid Integration and Support:

• New Jersey’s grid is designed to accommodate distributed generation systems like solar, and utilities are working to ensure that solar customers can easily integrate their systems into the grid. Programs such as community solar are also gaining traction, allowing customers to participate in solar energy generation even if they don’t have space for panels on their property.

Environmental Benefits:

• By investing in solar, New Jersey is positioning itself as a leader in clean energy, reducing its reliance on fossil fuels and decreasing air pollution. The state’s ambitious renewable energy goals align with efforts to combat climate change and promote sustainability.

Education and Community Outreach:

• To support the widespread adoption of solar, New Jersey offers programs that educate homeowners, businesses, and developers on solar energy systems, financial incentives, and best practices. These efforts help ensure that individuals and organizations are well-informed before making solar investments.