Electricity Rates in Lincoln, NM
The average residential electricity rate in Lincoln, 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 Lincoln
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Central New Mexico El Coop, Inc | 17.0¢/kWh | 22.0¢/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 17.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Lincoln
At 17.0¢/kWh, a typical Lincoln 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 Lincoln
Charging an electric vehicle at home in Lincoln 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 Lincoln, NM?
The average residential electricity rate in Lincoln, 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 Lincoln?
Lincoln is served by 2 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 Lincoln electricity rates compare to the rest of New Mexico?
Lincoln'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.