Electricity Rates in Corona, NM
The average residential electricity rate in Corona, NM is 16.0¢/kWh based on 2024 EIA data. The city is served by 3 utility providers. This is close to the New Mexico state average.
Electricity Providers in Corona
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Central New Mexico El Coop, Inc | 17.0¢/kWh | 22.0¢/kWh | Cooperative |
| Farmers Electric Coop, Inc - (NM) | 13.0¢/kWh | 12.0¢/kWh | Cooperative |
| Otero County Electric Coop Inc | 18.0¢/kWh | 16.0¢/kWh | Cooperative |
Estimated Monthly Electric Bill
Based on the average residential rate of 16.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Corona
At 16.0¢/kWh, a typical Corona household spends approximately $1701.12/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 Corona
Charging an electric vehicle at home in Corona costs approximately $144.00/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 Corona, NM?
The average residential electricity rate in Corona, NM is 16.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $141.76 for a typical household.
Who provides electricity in Corona?
Corona is served by 3 electricity providers. Central New Mexico El Coop, Inc is the largest provider in the area, though rates and availability vary by specific address.
How do Corona electricity rates compare to the rest of New Mexico?
Corona's average rate of 16.0¢/kWh is close to the New Mexico state average of 16.0¢/kWh. Rates are typical for the region.