Solar vs. Electricity Cost Comparison in New Mexico
See how solar stacks up against traditional grid electricity in New Mexico. With an average electricity rate of 15¢/kWh and 6.3 peak sun hours per day, New Mexico homeowners can save significantly by going solar.
Select Your City in New Mexico
Albuquerque
15.2¢/kWh · 6.4h sun/day
Avg bill: $112/mo · PNM (Public Service Company of New Mexico)
Las Cruces
14.8¢/kWh · 6.5h sun/day
Avg bill: $108/mo · El Paso Electric
Rio Rancho
15¢/kWh · 6.4h sun/day
Avg bill: $110/mo · PNM (Public Service Company of New Mexico)
Santa Fe
15.5¢/kWh · 6.2h sun/day
Avg bill: $112/mo · PNM (Public Service Company of New Mexico)
Roswell
14.5¢/kWh · 6.5h sun/day
Avg bill: $105/mo · Xcel Energy
Farmington
14.5¢/kWh · 6.3h sun/day
Avg bill: $105/mo · PNM (Public Service Company of New Mexico)
About Electricity Costs in New Mexico
New Mexico residents pay an average of 15¢ per kilowatt-hour, resulting in typical monthly bills around $110. With electricity prices rising approximately 3% per year, homeowners in New Mexico could spend an estimated $47,751 on grid electricity over the next 25 years.
Solar energy offers a way to lock in your electricity costs. With 6.3 peak sun hours per day and full net metering policies, New Mexico is an excellent state for residential solar installations.
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