Brace for Impact: New Jersey Electric Rates Are Going Up—Here’s What Homeowners Need to Know

If you're a homeowner in New Jersey, get ready for a jolt—your electric bill is about to go up again. Starting this June, several utility companies across the state are raising rates, and many customers will see significant increases in their monthly bills.

Why Are Electric Rates Increasing across New Jersey?

There are a few key reasons behind this hike:

• Rising energy supply costs due to global fuel prices and increased demand

• Infrastructure upgrades and maintenance expenses passed down to consumers

• Utility-approved rate increases, granted by the NJ Board of Public Utilities

  
  

Depending on your utility provider, you could see an increase of 5% to 20% or more on your monthly bill. That adds up—especially for families already feeling the pinch of inflation.

What Can You Do About It?

Here’s the good news: You don’t have to be at the mercy of your utility company. More and more New Jersey homeowners are turning to solar energy as a way to take control of their electric costs, lock in long-term savings, and protect themselves from future rate hikes.

With solar, you can:

✅ Lower your monthly electric bill

✅ Protect yourself from future utility rate increases

✅ Increase your home’s value

✅ Take advantage of federal tax credits and NJ incentives

✅ Help reduce reliance on fossil fuels

Why Choose Us?

Our team at SLM Solar has helped thousands of homeowners across NJ and Eastern PA make the switch to solar. We offer one-day installations, flexible financing, and transparent service from start to finish. No pressure, no hidden fees—just a smarter way to power your home.