Customized for customers of
Not your utility provider?
Is solar the best option to reduce your PSEGLINY electricity bill?
What makes CutMyBill better than other solar cost and savings calculators for PSEGLINY customers?
There are three key reasons that our PSEGLINY solar cost and bill savings calculator is far better than any other solar calculator or solar estimate website on the net for PSEGLINY customers;
- Firstly, whilst most solar panels calculators are really good at forecasting the electricity production you can get from installing solar panels for your home (because they all rely on the pwatts.nrel.gov solar production data) most of them just use a single generic state wide unit cost for electricity in their calculations. Our PSEGLINY solar cost and bill savings calculator actually uses our database of each of the available PSEGLINY electric rates plans to use more specific electricity cost data. Therefore we can generate much more accurate solar savings analysis.
- The second reason is that we use DOE (Department of Energy) electricity usage patterns for the PSEGLINY service territory, and some very basic questions we ask you about your home to estimate how you use power over the course of a day and the seasons of the year. This allows us to accurately forecast solar savings where time of use electricity plans are available to you. We estimate your electricity usage for each hour of the year and then overlay the known production of solar panels in your area for each hour of the year. Without this level of detail solar panel cost and savings calculators on are inaccurate; and
- Lastly, before we even consider solar savings, we look for any savings that can be achieved simply by swapping to a cheaper available PSEGLINY rate plan. Our software looks for any available PSEGLINY rates plan that works our cheaper for your estimated usage pattern. Generally speaking savings from swapping to a cheaper PSEGLINY rates plan are only available to those who have larger monthly electric bills but given it only takes a phone call to achieve these savings it is by far the quickest and easiest bill cutting option where it is possible.
Start your savings estimateCalculate
Will installing a solar power system or swapping rate plans save me the most on my monthly PSEGLINY payment?
There are almost always far greater cost savings to be obtained from installing solar panels than swapping rates plans but this doesn't mean possible savings from swapping rate plans should be ignored. The other reason we search for your cheapest rate plan is that to forecast total possible savings you could get on your bill you need to take into account both savings that may be available from swapping to the cheapest rate plan and also savings that come from swapping your generation source for some of your power usage to your own solar power.
Compare savings from swapping rate plans to solar savingsCalculate
How accurate is the CutMyBill estimate of my power usage pattern?
The CutMyBill electricity usage profile estimator is a key part of the technology of why CutMyBill can forecast solar and bill swapping savings so accurately without requiring you to enter your kilowatt hour electricity usage for each month of the year or to upload 12 months worth of power bills.
The way we do this is we use electricity use profiles collected by the Department of Energy for each building type at each weather station across the PSEGLINY service territory. Some of the characteristics of your home such as your average monthly power spend and the square footage of your home are used to refine this analysis.
This gives a fairly accurate estimate but it is not an exact estimate. The best way to get an exact estimate of your solar savings and whether or not there are possible savings from swapping rate plans is to speak to one of your local solar companies. Whilst solar companies are experts in solar they also become experts in knowing the cheapest rate plans (both before and after solar) from their local utility companies.
Estimate my power usage pattern over a day and over the seasons of the yearCalculate
There are three options that you can explore to cut your power bill as a PSEGLINY customer.
Pro's of solar panel installation: New york is one of the best states to install solar. The generous incentives available and high electricity cost means solar installed in New York will typically pay for itself in about 4 years. Solar can save customers more than $50,000 over the lifetime of the system (25 years).
Con's of installing solar solar: Solar is a large project that requires you to own your own home and have a suitable roof. Solar is generally not available to renters and those living in multiple family dwellings.
Pro's of swapping rate plans: Swapping rate plan can be as simple as making a phone call or sending an email and has the potential to save customers money.
Con's of swapping rate plans: If you use your interval data to calculate your cheapest plan before swapping. There is no downside to swapping plans, it's easy and free.
Reducing electricity use through energy efficiency measures.
Pro's of energy efficiency: Energy efficient habits are free to implement and can save you money on your electricity bill. Simply washing your clothes on cold wash can save you about $40 a year. Alternately, installing new energy efficient products can reduce the amount of electricity you use.
Con's of energy efficiency: Installing energy efficient products is not the most effective thing you can do to reduce your power bill. Solar can set your energy consumption bill to $0. Whereas installing energy efficient products can be expensive to implement and could only save you a few dollars a month.
Can I get a lower power bill by swapping to a different PSEGLINY rate plan?
The short answer is yes, usually swapping to the right plan can save between $0-$15 a month. Finding the right plan is not easy though, everyone uses power differently and therefore to find the "right" plan you'll need to get your interval data from the last 12 months and run a comparison on the different rate plans.
This all sounds confusing and hard, but PSEGLINY or solar companies will give you this data for free. Once you have this data you can work out what is the cheapest plan for you and start saving on your power bill.
How much can I lower my power bill through adopting energy efficiency measures?
Energy efficiency can be broken up into two categories; Installing new devices, and how you use the devices you have.
Installing new devices is easy. This can range from installing energy efficient lights to getting rid of that old fridge. Most people don't realize that a new fridge or washing machine could lower your electricity bill. New appliances are far more efficient than older models and as a result use less power.
The second category is both easier and harder to implement than the first. Using your devices differently requires breaking habits, which is sometimes hard. Although when you're conscious about the energy you're using it can be easy to save dollars off your power bill by; taking shorter showers, hanging clothes out to dry and not using the electric dryer, setting the washing machine to cold and turning plugs off at the wall.
You can read this article to find out more on energy efficiency.
How to calculate savings from energy efficiency measures?
The Department of Energy has developed a series of energy efficiency savings calculators that allow you to calculate the amount of money you could save broken down into the major categories of appliances that use power such as:
- Clothes washing and drying
- Food preparation and dish washing
The Department of Energy publishes calculators can be used to calculate savings that can be achieved by using these devices less frequently (lifestyle changes) and also savings that can be achieved by using more efficient versions of each of these appliances.
What incentives are available from PSEGLINY for energy efficiency?
PSEGLINY offer a free comprehensive home assessment, where a participating contractor will assess your home energy efficiency. You can schedule an appointment now.
PSEGLINY also offer rebates and financing which will help reduce the cost of these energy efficient measures. Learn more about rebates and financing.
How much can you save by swapping your PSEGLINY rate planCalculate
What other government incentives are available to PSEGLINY Customers for energy efficiency?
There are some rebates and tax credits available from the Department of Energy for installing energy efficient appliances and renovations.
Installing solar panels as a PSEGLINY Customer?
A constant theme on this website is that if you have a suitable house, installing solar panels is the single most effective thing you can do to reduce your long term power costs.
New York is one of the best states in America to install solar. The payback period on a 3kW system is just 3 years and 6 months. This means after 3 and a half years the system will have paid for itself and you can enjoy at least 21 more years of free power. This ridiculously short payback period is due to some great incentives in New York.
Calculate your likely cost, savings and payback period from installing solar panels given your usageCalculate
What are the limitations of solar?
The most obvious downside of solar is perhaps that it is generally not available to renters and it is generally not available to those living in multi-family buildings.
This article explores the issues that are involved and the process of installing solar panels for your home as an PSEGLINY customer, and it also outlines the net metering offered by PSEGLINY.
Of course, the other limitation of solar is that the sun only shines during the day and so it is not on its own a permanent energy source. This is partly the reason why there is now so much interest in battery storage. Energy storage is needed to make intermittent renewable energy sources such as solar and wind usable at times when the sun isn't shining or the wind isn't blowing. This article explores the pros and cons of solar energy generally.
The net metering scheme available in New York is effectively like a free battery, although it does not physically store the excess solar power, it economically stores the energy's value until you need to use it.
Should I install solar now or wait till the price drops?
Knowing when to buy solar can be tricky. The cost of solar has fallen significantly over the past 8 years, and will is expected to continue to fall in the future, albeit not at the same pace. In a few years solar systems will be somewhat cheaper than they are today. You may think it would then be better to install solar later, but in reality as a PSEGLINY customer, right now in 2018 is probably the best time to install solar.
This is mainly due to the incentives available. Essentially, PSEGLINY and the government will pay for a large portion of your solar system. At the start of 2020 the federal solar incentive has already started to reduce and PSEGLINY is one of the last utilities to still offer a rebate for solar. So, don't expect these opportunities to last forever.
Right now is a great time to invest in solar as a PSEGLINY customers. The incentives available now make solar a great deal. These incentives won't last forever, they have an expiry date and that date is coming soon. If you've ever thought about installing solar, contact local installers today before you miss out on the generous incentives.
Find more about Public Service Enterprise Group (PSEGLINY) electric rate plans.