New Jersey customers are saving money and energy through the PSE&G energy efficiency programs. Our latest Clean Energy Future-Energy Efficiency (CEF-EE) report highlights how our programs continue to deliver meaningful savings for customers while reducing overall energy usage and supporting the state’s goals. Through March 2025, nearly 465,000 customers have actively participated in PSE&G’s energy efficiency initiatives, collectively saving over $720 million annuallyi on their utility bills.
These results reflect a range of efforts aimed at helping customers reduce both their energy use and costs—from home energy assessments to rebates on energy-efficient appliances, HVAC systems, and products available through the PSE&G Marketplace. Since the start of the program, customers have received approximately $740 million in rebates, delivered as either instant discounts at the point of purchase or post-purchase rebates, helping to offset the cost of energy-saving upgrades.
Additionally, participation to date includes:
- More than 95,000 home energy assessments completed
- Over 140,000 rebates claimed for upgrades to energy-efficient appliances
- More than 24,000 appliances recycled, and;
- Approximately 340,000 smart thermostats and 100,000 power strips purchased through the PSE&G Marketplace
“Affordability and energy efficiency go hand-in-hand, and our programs are designed to make it easier for customers to reduce their energy use and manage their monthly bills,” said Lauren Thomas, vice president Clean Energy Solutions-Customer Solutions at PSE&G. “As customers continue to take advantage of our energy efficiency programs, they’re seeing the benefits—lower energy costs, greater comfort, and more affordable ways to save energy at home.”
Our energy efficiency programs for businesses are also delivering strong results, helping commercial customers lower energy use and operating costs through a range of practical business solutions. To date, these programs have helped more than 18,500 businesses implement approximately 28,000 projects that improve operational efficiency, enhance comfort, and manage expenses.
Participation in the Small Business Direct Install program remains strong, with more than 1,500 small businesses projected to save approximately $19 million annuallyii on energy costs. This program helps make energy-saving improvements more affordable for smaller businesses by reducing upfront costs and delivering long-term savings.
“With support from PSE&G’s Business Energy Efficiency Programs, we’ve been able to make meaningful upgrades that help us keep our building cool, comfortable, and running efficiently — especially, during the summer months,” said Radwa Ali, library director, Montclair Public Library.
“The program’s incentives, combined with flexible, interest-free on-bill-repayment, allowed us to move forward with these improvements in a way that make sense financially for the library and the community we serve. These upgrades ensure we can continue to serve Montclair reliably, seven days a week,” Ali added.
Together, residential and business customers are on track to save approximately 2.8 million megawatt-hours of electricity annually — enough energy to power over 406,000 homes each year. Natural gas savings are expected to exceed 75 million therms per year. Combined, these efforts are projected to help avoid approximately 2.1 million metric tons of carbon emissions annually.
We also remain focused on expanding access to clean energy careers through the Clean Energy Jobs Program, where more than 4,100iv individuals have been placed in clean energy roles, helping to build the state’s skilled workforce of the future. Additionally, our energy efficiency programs have also been recognized with 75 industry awards for excellence in program delivery, workforce development, and marketing.
We understand managing energy costs can be challenging, which is why affordability remains a top priority for PSE&G. In addition to helping customers save through energy efficiency, we recognize that broader supply and demand challenges also impact energy costs across the state.
As affordability remains an ongoing concern, New Jersey should seek to address one of the main drivers of this year’s electric supply increase — a lack of forecasted electric supply. The demand for electricity is forecasted to continue to grow, and supply is not keeping up with this demand. PSE&G stands ready to work with the state to expand reliable energy sources and maintain the reliability of the system through near and long-term solutions such as continued energy efficiency, additional power generation capabilities and transmission to lower energy costs.
As a trusted energy advisors, we’re remain focused on providing resources to help customers better manage their energy bills and make more informed decisions. Learn more at pseg.com/SaveEnergyandMoney.
For more information on PSE&G’s energy efficiency programs, visit homeenergy.pseg.com for residential customers or bizenergy.pseg.com for business customers.