Electricity Rates in Loco hills, NM
Residents of Loco hills, NM benefit from relatively low electricity rates, averaging 9.0¢/kWh — 49.4% below the national average. Central Valley Elec Coop, Inc serves the area.
Electricity Providers in Loco hills
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Central Valley Elec Coop, Inc | 9.0¢/kWh | 13.0¢/kWh | Cooperative |
Estimated Monthly Electric Bill
Based on the average residential rate of 9.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Loco hills
At 9.0¢/kWh, a typical Loco hills household spends approximately $956.88/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 Loco hills
Charging an electric vehicle at home in Loco hills costs approximately $81.00/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 Loco hills, NM?
The average residential electricity rate in Loco hills, NM is 9.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $79.74 for a typical household.
Who provides electricity in Loco hills?
Loco hills is served by 1 electricity provider. Central Valley Elec Coop, Inc is the largest provider in the area.
How do Loco hills electricity rates compare to the rest of New Mexico?
Loco hills's average rate of 9.0¢/kWh is 43.8% below the New Mexico state average of 16.0¢/kWh. Residents enjoy some of the lower rates in the state.