Public Service Electric & Gas (PSE&G) released its latest performance report on Tuesday, revealing that nearly half a million New Jersey residents and businesses have slashed their utility costs through the utility’s “Clean Energy Future” initiatives.
According to the data, which spans from October 2020 through September 2025, approximately 480,000 participants are now collectively saving more than $900 million annually on their utility bills.
The program’s success is driven by a massive rollout of hardware and rebates designed to lower consumption. Since the program’s inception, PSE&G has delivered nearly $940 million in rebates to offset the cost of high-efficiency upgrades.
Key highlights from the residential sector include:
-
105,000+ Home energy assessments completed.
-
350,000 Smart thermostats sold via the PSE&G Marketplace.
-
150,000 Rebates claimed for energy-efficient appliance upgrades.
-
30,000 Old, inefficient appliances successfully recycled.
The impact has been equally significant for the state’s commercial sector. Approximately 20,000 businesses have launched over 32,000 energy-saving projects.
For smaller operations, the Direct Install Program has been a game-changer. About 2,000 small businesses participated, resulting in nearly $25 million in annual utility savings. One notable participant, St. Joseph’s Health, is implementing upgrades at facilities in Paterson and Wayne.
“Every dollar we’re not spending on energy is a dollar we can put back into patient care,” Scott Reilly, director of maintenance and engineering at St. Joseph’s Health said.
Beyond the financial savings, the programs are significantly reducing New Jersey’s carbon footprint. To date, the collective effort has avoided 2.3 million tons of carbon emissions annually—an impact equivalent to removing 500,000 gasoline-powered cars from the road for one year.
The initiative has also served as a major economic engine for the state. Through the Clean Energy Jobs Program, PSE&G has helped place more than 7,300 individuals into clean energy careers, building the local workforce needed for HVAC, insulation, and electrical retrofitting.
“Energy efficiency is one of the tools we use to help customers reduce energy use and manage their utility costs,” Lauren Thomas, vice president of clean energy solutions at PSE&G said. “The investments we make through these programs largely flow back into New Jersey, supporting local businesses, contractors, and trade allies.”
As regional demand for electricity grows, PSE&G officials stated they remain committed to energy efficiency as a primary strategy for maintaining grid reliability and keeping energy costs stable for the long term.
