Electricity Rates in Cloudcroft, NM
The average residential electricity rate in Cloudcroft, NM is 18.0¢/kWh based on 2024 EIA data. The city is served by 2 utility providers. This is 12.5% above the New Mexico state average.
Electricity Providers in Cloudcroft
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Otero County Electric Coop Inc | 18.0¢/kWh | 16.0¢/kWh | Cooperative |
| Rio Grande Electric Coop, Inc | 18.0¢/kWh | 19.0¢/kWh | Cooperative |
Estimated Monthly Electric Bill
Based on the average residential rate of 18.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Cloudcroft
At 18.0¢/kWh, a typical Cloudcroft household spends approximately $1913.76/year on electricity. Solar panels could reduce this by 50–90%.
The federal solar tax credit covers 30% of installation costs through 2032.
EV Charging Costs in Cloudcroft
Charging an electric vehicle at home in Cloudcroft costs approximately $162.00/month at current rates, based on average driving habits (about 30 kWh per charge, charged daily). Compare to public charging prices at ChargeBuddy.ai.
Nearby Cities in New Mexico
Frequently Asked Questions
What is the average electricity rate in Cloudcroft, NM?
The average residential electricity rate in Cloudcroft, NM is 18.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $159.48 for a typical household.
Who provides electricity in Cloudcroft?
Cloudcroft is served by 2 electricity providers. Otero County Electric Coop Inc is the largest provider in the area, though rates and availability vary by specific address.
How do Cloudcroft electricity rates compare to the rest of New Mexico?
Cloudcroft's average rate of 18.0¢/kWh is 12.5% above the New Mexico state average of 16.0¢/kWh. Residents may benefit from exploring solar energy to offset higher electricity costs.