Tesla Inc. electricity rates
Tesla Inc. charges an average of 17.63 cents per kilowatt-hour to residential customers, and the average household on its system paid $90 a month using 511 kilowatt-hours, according to its 2024 filing with the U.S. Energy Information Administration.
Behind the Meter PJM New Jersey
Where Tesla Inc. sits
It is a smaller system, serving 10,055 residential customers, which means its fixed costs are spread across a narrow base. At 17.63¢ per kilowatt-hour it is one of the cheaper places to buy electricity in New Jersey, 24.2% under the statewide average of 23.27¢.
Its customers use very little electricity by national standards, 511 kilowatt-hours a month against 871 nationally. Dense housing, a mild climate or heating that runs on gas rather than electricity all push consumption down, and any of them can leave a household with a modest bill despite a high rate.
That matters because a bill is not only the cost of generating electricity: it also carries the cost of the network, and who owns that network changes how it is paid for.
| Rate | Monthly bill | Monthly kWh | |
|---|---|---|---|
| Tesla Inc. | 17.63¢ | $90 | 511 |
| New Jersey average | 23.27¢ | $160 | 672 |
| United States average | 18.44¢ | $155 | 871 |
Utility figures: U.S. Energy Information Administration, Form EIA-861 annual electric power industry report, 2024. State and national figures: Electric Power Monthly, May 2026. Methodology
Other New Jersey utilities
| Utility | Rate | Bill | Customers |
|---|---|---|---|
| Public Service Elec & Gas Co | 20.42¢ | $115 | 2.0 million |
| Jersey Central Power & Lt Co | 15.65¢ | $124 | 964,802 |
| City of Vineland | 17.84¢ | $137 | 22,774 |
| Spruce Finance | 16.14¢ | $105 | 6,250 |
| SunPower Capital, LLC | 15.24¢ | $131 | 5,666 |
Tesla Inc. rates: common questions
How much does Tesla Inc. charge per kilowatt-hour?
An average of 17.63 cents per kilowatt-hour across its residential customers in 2024. That is -24.2% against the New Jersey average of 23.27¢ and -4.4% against the national average of 18.44¢. It is an all-in average across every residential rate schedule the utility offers, not a specific tariff.
What is the average Tesla Inc. bill?
$90 a month, based on total residential revenue divided by residential customers over the 2024 survey year, at an average of 511 kWh a month. The national average bill is $155 at 871 kWh.
Who owns Tesla Inc.?
It is classified by the EIA as a behind the meter.
Is Tesla Inc. expensive compared with other New Jersey utilities?
It ranks #7 of the 10 New Jersey utilities covered here, counting from the most expensive. Nationally it ranks #165 of 1369.