Electricity Rates in Clovis, NM
Residents of Clovis, NM benefit from relatively low electricity rates, averaging 12.0¢/kWh — 32.5% below the national average. The city is served by 3 electricity providers, with Farmers Electric Coop, Inc - (NM) being the largest.
Electricity Providers in Clovis
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Farmers Electric Coop, Inc - (NM) | 13.0¢/kWh | 12.0¢/kWh | Cooperative |
| Roosevelt County Elec Coop Inc | 12.0¢/kWh | 16.0¢/kWh | Cooperative |
| Southwestern Public Service Co | 12.0¢/kWh | 8.0¢/kWh | Investor Owned |
Estimated Monthly Electric Bill
Based on the average residential rate of 12.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Clovis
At 12.0¢/kWh, a typical Clovis household spends approximately $1275.84/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 Clovis
Charging an electric vehicle at home in Clovis costs approximately $108.00/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 Clovis, NM?
The average residential electricity rate in Clovis, NM is 12.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $106.32 for a typical household.
Who provides electricity in Clovis?
Clovis is served by 3 electricity providers. Farmers Electric Coop, Inc - (NM) is the largest provider in the area, though rates and availability vary by specific address.
How do Clovis electricity rates compare to the rest of New Mexico?
Clovis's average rate of 12.0¢/kWh is 25.0% below the New Mexico state average of 16.0¢/kWh. Residents enjoy some of the lower rates in the state.