As a solar provider serving both coasts, we’re uniquely positioned to analyze how utility rates and solar savings vary across New York, New Jersey, and California. Recent rate increases in all three states have created an unprecedented opportunity for solar savings, though the benefits manifest differently in each region.

The Rate Landscape

New York ConEd’s recent 18% rate increase has pushed average residential rates to $0.28/kWh. Manhattan residents are seeing even higher rates, often exceeding $0.30/kWh during peak periods. The impact on average monthly bills has been significant, with many households seeing increases of $50-75.

New Jersey PSE&G and Atlantic City Electric have implemented rate hikes averaging 15% in 2025. New Jersey residents now pay an average of $0.26/kWh, with summer rates often climbing higher. The state’s aging grid infrastructure suggests more increases are likely.

California PG&E and Southern California Edison continue leading the nation with rates averaging $0.32/kWh. Time-of-Use pricing pushes peak rates above $0.45/kWh during summer evenings. Recent wildfire mitigation charges have added additional costs to customer bills.

Solar Savings by Region

While electricity rates vary by state, solar savings often equalize due to different factors:

East Coast Advantages:

  • Higher retail electricity rates
  • Strong state incentive programs
  • Property tax exemptions
  • Valuable SREC markets (NJ)

West Coast Benefits:

  • More sun hours annually
  • Higher summer production
  • Strong net metering policies
  • Local rebate programs

Real World Examples

Our installation data shows compelling savings across all regions:

New York: The Thompson family in Brooklyn saves $2,800 annually with their 8kW system New Jersey: A 10kW system in Princeton generates $3,200 yearly savings plus SREC income California: San Diego homeowners average $3,500 annual savings with 7kW systems

The Investment Case

Despite regional differences, solar provides strong returns in all three states:

  • Average payback period: 5-7 years
  • Return on investment: 12-15% annually
  • Property value increase: 4-6%
  • Protection from future rate hikes

Looking Forward

Utility rates are projected to continue rising in all three states through 2026. Factors driving increases include:

  • Grid modernization costs
  • Climate change mitigation
  • Infrastructure upgrades
  • Renewable energy mandates

Ready to start saving on either coast? Contact Sea Bright Solar for a location-specific savings analysis. Our expertise in NY, NJ, and CA ensures you’ll get the right solution for your region.