Customers participating in PSE&G’s energy efficiency programs are now projected to save $484 million annually on their utility bills while helping to prevent the release of 1.6 million metric tons of carbon emissions a year.
More than 380,000 PSEG customers are saving money through their participation in PSE&G’s suite of energy efficiency programs, according to the company’s latest report on its Clean Energy Future Energy Efficiency (CEF-EE) initiatives, released this week.
These initiatives include approximately 70,000 home energy assessments, as well as the sale of about 306,000 smart thermostats and 95,000 power strips through PSE&G Marketplace, which offers discounts and rebates on these items exclusively for PSE&G customers. Additionally, the program has provided over 97,000 retail appliance rebates for energy-efficient electric appliances to reduce energy consumption and greenhouse gas emissions.
For electric customers involved in these initiatives, projected savings exceed 2.1 million megawatt-hours of electricity annually, which is enough to power over 312,000 New Jersey homes each year. Additionally, participating natural gas customers are expected to save approximately 57 million therms of natural gas annually. Collectively, these efforts are estimated to avoid about 1.6 million metric tons of carbon dioxide emissions annually, equivalent to the emissions from 349,000 gasoline-powered cars for a year.
Karen Reif, vice president of Renewables and Energy Solutions, PSE&G, stated, “We are pleased with the steady progress of our energy efficiency programs, our initiatives are making a measurable difference, allowing customers to lower both their utility bills and energy usage, which in turn supports New Jersey’s clean energy objectives.”
Additionally, PSE&G’s commercial and industrial (C&I) energy efficiency programs have demonstrated significant impact. The PSE&G Small Business Direct Install Program has delivered collective annual savings of approximately $12 million on utility bills for participating business customers.
This program is projected to save 52,000 megawatt-hours of electricity annually, along with an estimated 2.4 million therms of natural gas for participating electric and/or gas business customers. Together, these C&I initiatives are anticipated to avoid about 44,000 metric tons of carbon dioxide emissions each year.
Henry Wong, a PSE&G business customer and owner of Carvel Ice Cream in Pennington, sought to enhance energy efficiency and customer comfort at his establishment. Through the Direct Install program, his store upgraded two aging rooftop HVAC units with dual enthalpy economizers and smart start features.
“Using this program easily saved me $10,000 in installation and maintenance costs,” said Wong. Overall, these upgrades resulted in annual savings of over $1,600 to Wong’s business, reduced electricity use and improved cooling efficiency, ensuring ongoing benefits for the business.
PSE&G also sponsors the Clean Energy Jobs Program, which aims to expand the state’s clean energy workforce by enhancing economic opportunities for unemployed, underemployed, and low/middle-income individuals. By focusing on recruitment from the communities PSE&G serves, the program has successfully placed over 2,500 New Jersey residents in clean energy jobs, contributing to the state’s clean energy objectives while promoting local job growth.
Since 2021, PSE&G’s energy efficiency programs have earned over 50 awards, including the 2024 ENERGY STAR Partner of the Year Award for Sustained Excellence. This award honors partners who have consistently demonstrated exceptional achievements in energy efficiency and have received the organization’s Partner of the Year recognition for a minimum of two consecutive years.
For more information on PSE&G’s energy efficiency programs, including how to participate, visit homeenergy.pseg.com for residential customers or bizsave.pseg.com for business customers.
