New Mexico Electricity Rates
Residential rate
15.15¢/kWh
-20% vs US average
Rank (most expensive)
#35
of 51 (incl. DC)
Est. monthly bill
$133
at the US-typical 880 kWh/month
What that rate means in practice
| Appliance (typical use) | Cost per month in New Mexico |
|---|---|
| Space heater | $41.45 |
| Central air conditioner (3 ton) | $128.96 |
| Window AC unit | $33.16 |
| Portable AC unit | $40.53 |
| Electric water heater (tank) | $55.27 |
| Heat pump water heater | $13.82 |
| Electric clothes dryer | $13.82 |
| Washing machine | $1.15 |
| Dishwasher | $5.99 |
| Refrigerator (modern) | $5.53 |
| Chest freezer | $6.45 |
| Electric oven | $11.51 |
Typical wattages and durations, adjust them in the calculator.
Run your own numbers for New Mexico
- Heat pump vs gas furnace, gas here currently costs about $1.15/therm
- EV home charging cost
- Solar payback under 2026 rules
- New Mexico rebates that are still available
Rate source: EIA Electric Power Monthly, Table 5.6.A (residential average). Bills vary by utility and usage.