New Jersey sits dead last when it comes to the ratio of public chargers to cars. The state has 41 electric vehicles for every charger, far below the national average of 14.6 to 1 and trailing the 49th state, California at 27 to 1. For most EV owners, charging is a top-of-mind issue in the state. No one wants to get stuck five miles from home with no way to power their electric car. This makes an EV home charger installation a very appealing idea.
If you’re a PSE&G customer, you might qualify for their rebate program and special rates when you install a charger. Here are the details you need to know about the program.
Residential PSE&G Incentives
PSE&G’s Clean Energy Future program is investing $166 million to support about 40,000 EV home chargers in the state of New Jersey. The company also plans to build out EV charging infrastructure along highways and in parking lots.
For residential customers, this plays out as an on-bill credit of up to $1,500 toward the installation of a charging station. Installation costs run $800-$1,300, so the rebate should cover all your expenses. There is also a $5,000 offset if your utility service has to be upgraded to the property to support the increased electric load.
Homeowners also qualify for charging credits during off-peak hours to help keep costs down. This includes overnight and weekend charging.
To qualify for the installation rebate, your utility account must be in good standing, and you must agree to send your electric car charging data to PSE&G through a Level 2 smart charger. You must get a permit for the installation, which must then pass inspection, and use a licensed New Jersey electrician or contractor like ROS Electric.
To get the off-peak credits, your charger must be on the utility’s approved list, which includes models from ChargePoint and JuiceBox.
Incentives for Commercial and Public Charging
PSE&G also offers incentive plans for commercial and public fast-charging customers!
Mixed-use commercial chargers can get an on-bill credit of up to $30,000 toward upgrades needed to install commercial Level 2 smart chargers. Public fast-charging customers can receive up to $100,000 per site for the installation of DCFC chargers. Both also qualify for offsets for pole-to-meter service upgrades as needed.
Most state and federal programs at this point revolve around the purchase or lease of an electric vehicle. Currently, the NJ Board of Public Utilities is working on a program coming online soon that would provide an incentive of up to $250 toward the purchase and installation of your charger. You can use this in addition to the PSE&G rebate to help cover the cost of the charger.
- PSE&G’s Clean Energy Future program is investing $166 million to support about 40,000 EV home chargers in the state of New Jersey.
- To qualify for the installation rebate, your utility account must be in good standing, and you must agree to send your electric car charging data to PSE&G through a Level 2 smart charger.
Ready for an Electric Vehicle Charging Station at Home?
Powering up your electric vehicle at home means you leave your driveway each day with the confidence you can make it everywhere you need to go. Rebates on installation make it a cost-effective solution as well.
At ROS Electric, our team can get you started with an EV home charger installation in the state of New Jersey. Contact us to schedule a time to review your electrical panel and optimize your charger setup.