Electricity Rates in Espanola, NM
Residents of Espanola, NM benefit from relatively low electricity rates, averaging 15.0¢/kWh — 15.6% below the national average. The city is served by 2 electricity providers, with Jemez Mountains Elec Coop, Inc being the largest.
Electricity Providers in Espanola
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Jemez Mountains Elec Coop, Inc | 15.0¢/kWh | 14.0¢/kWh | Cooperative |
| Los Alamos County | 14.0¢/kWh | 13.0¢/kWh | Municipal |
Estimated Monthly Electric Bill
Based on the average residential rate of 15.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Espanola
At 15.0¢/kWh, a typical Espanola household spends approximately $1594.80/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 Espanola
Charging an electric vehicle at home in Espanola costs approximately $135.00/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 Espanola, NM?
The average residential electricity rate in Espanola, NM is 15.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $132.90 for a typical household.
Who provides electricity in Espanola?
Espanola is served by 2 electricity providers. Jemez Mountains Elec Coop, Inc is the largest provider in the area, though rates and availability vary by specific address.
How do Espanola electricity rates compare to the rest of New Mexico?
Espanola's average rate of 15.0¢/kWh is 6.3% below the New Mexico state average of 16.0¢/kWh. Residents enjoy some of the lower rates in the state.