PSEG's Energy Efficiency Programs Save Nearly $960 Million for New Jersey Customers
- PSEG's energy efficiency programs have saved New Jersey customers nearly $960 million since October 2020.
- Approximately 500,000 customers participated, receiving $1.4 billion in rebates for energy-saving upgrades.
- PSEG supports local businesses and schools, completing 35,000 energy-saving projects boosting sustainable economic growth.
Public Service Enterprise Group (PSEG) has been making notable strides in energy efficiency programs, which have been significantly beneficial for customers in New Jersey. Launched in October 2020, these initiatives have seen participation from approximately 500,000 customers as of December 2025, leading to impressive annual bill savings of nearly $960 million. The programs are designed not only to reduce energy costs for consumers but also to encourage energy-saving upgrades through a substantial $1.4 billion in rebates. This success showcases PSEG’s commitment to sustainable energy practices and financial relief for residents and businesses alike.
One of the key components of the energy efficiency programs includes home energy assessments, with over 108,000 assessments completed. In addition, nearly 364,000 smart thermostats have been purchased, and about 154,000 rebates for energy-efficient appliances have been provided. These measures empower customers to make informed choices about their energy usage, demonstrating PSEG’s proactive stance in promoting energy conservation. Moreover, the company's Demand Response programs have enrolled more than 32,000 customers, incentivizing participation during peak demand periods, thus optimizing energy management across the grid.
On the business front, PSEG's efforts have positively impacted small enterprises, schools, and hospitals—nearly 22,000 businesses have completed close to 35,000 energy-saving projects. Notably, initiatives such as the Direct Install Program have enabled the New Jersey Chamber of Commerce to upgrade its historic headquarters, alleviating maintenance issues while improving operational efficiency. These collaborations not only highlight PSEG's role in supporting local economic activity but also represent a commitment to fostering an environment where businesses can thrive in a sustainable manner.
In summary, PSEG's ongoing energy efficiency programs deliver significant benefits to New Jersey residents and businesses through considerable cost savings and environmental stewardship. These initiatives stand as a testament to the company's role in driving energy efficiency and fostering sustainable economic growth in the region.