Statewide Economic Impact

Energy efficiency delivers measurable savings while helping customers manage utility costs and supporting New Jersey’s broader energy and economic goals.

Why it matters:

  • Helps customers across income levels manage utility bills.
  • Includes targeted offerings for low- and moderate-income households.
  • Produces verifiable energy and bill savings across customer classes.
  • Costs less than adding new power generation while delivering immediate value.
  • Supports sustained job creation and economic activity statewide.

 

Impact to date*:

  • To date, nearly 500,000 customers have participated in energy efficiency programs.
  • Approximately $960 million in annual customer utility bill savings. 
  • 2.4 million metric tons of carbon emissions avoided, equivalent to removing more than 500,000 gasoline-powered cars off the road for one year.
  • To date, approximately $1.4 billion in rebates have been provided to help offset the upfront cost of energy-saving upgrades/products. 
  • More than 9,300 careers supported through PSE&G’s energy efficiency programs to date.

 

* Data reflects PSE&G energy efficiency program results from October 2020 through December 2025, based on the company’s latest reported program results.