⚡ Electricity rates in New Mexico (2026)
Average price: 14¢/kWh — below the national average (-15% vs. the U.S. average). Typical bill ~$92/month.
Estimate your bill in New Mexico
New Mexico electric bill estimator
Starts from the New Mexico average bill.
☀️ Would solar pay off in New Mexico?
With New Mexico's rates and sunlight, a typical home solar system has an estimated payback of 15.5 years and could save about $10,311 over 25 years (after the 30% federal tax credit).
See New Mexico solar savings →Electricity bills in New Mexico cities
| City | Population | Est. monthly bill |
|---|---|---|
| Albuquerque | 561,008 | $85 |
| Las Cruces | 112,914 | $92 |
| Rio Rancho | 108,024 | $92 |
| Santa Fe | 89,008 | $96 |
New Mexico electricity FAQ
What is the average electricity rate in New Mexico?
About 14¢ per kWh — below the national average (-15% vs. the U.S. average of 16.5¢). The typical New Mexico household bill is around $92 per month.
Why is electricity cheaper in New Mexico?
New Mexico's price reflects its generation mix, fuel costs, delivery charges, and regulation in the West. Households here use about 660 kWh per month on average.
How can I lower my electric bill in New Mexico?
Improve insulation and efficiency, shift heavy usage off-peak where time-of-use rates apply, and — if you're in a deregulated market — compare suppliers. Solar can cut the bill further; see the estimate below.