Electricity Rates in Hondo, NM
The average residential electricity rate in Hondo, NM is 18.0¢/kWh based on 2024 EIA data. Otero County Electric Coop Inc provides electricity to the area. This is 12.5% above the New Mexico state average.
Electricity Providers in Hondo
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Otero County Electric Coop Inc | 18.0¢/kWh | 16.0¢/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 Hondo
At 18.0¢/kWh, a typical Hondo 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 Hondo
Charging an electric vehicle at home in Hondo 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 Hondo, NM?
The average residential electricity rate in Hondo, 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 Hondo?
Hondo is served by 1 electricity provider. Otero County Electric Coop Inc is the largest provider in the area.
How do Hondo electricity rates compare to the rest of New Mexico?
Hondo'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.