Electricity Rates in Hernandez, NM
The average residential electricity rate in Hernandez, NM is 17.0¢/kWh based on 2024 EIA data. The city is served by 2 utility providers. This is 6.3% above the New Mexico state average.
Electricity Providers in Hernandez
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Jemez Mountains Elec Coop, Inc | 15.0¢/kWh | 14.0¢/kWh | Cooperative |
| Kit Carson Electric Coop, Inc | 18.0¢/kWh | 16.0¢/kWh | Cooperative |
Estimated Monthly Electric Bill
Based on the average residential rate of 17.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Hernandez
At 17.0¢/kWh, a typical Hernandez household spends approximately $1807.44/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 Hernandez
Charging an electric vehicle at home in Hernandez costs approximately $153.00/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 Hernandez, NM?
The average residential electricity rate in Hernandez, NM is 17.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $150.62 for a typical household.
Who provides electricity in Hernandez?
Hernandez 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 Hernandez electricity rates compare to the rest of New Mexico?
Hernandez's average rate of 17.0¢/kWh is 6.3% above the New Mexico state average of 16.0¢/kWh. Residents may benefit from exploring solar energy to offset higher electricity costs.