Electricity Rates in Maxwell, NM
The average residential electricity rate in Maxwell, NM is 19.0¢/kWh based on 2024 EIA data. Springer Electric Coop, Inc provides electricity to the area. This is 18.8% above the New Mexico state average.
Electricity Providers in Maxwell
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Springer Electric Coop, Inc | 19.0¢/kWh | 15.0¢/kWh | Cooperative |
Estimated Monthly Electric Bill
Based on the average residential rate of 19.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Maxwell
At 19.0¢/kWh, a typical Maxwell household spends approximately $2020.08/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 Maxwell
Charging an electric vehicle at home in Maxwell costs approximately $171.00/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 Maxwell, NM?
The average residential electricity rate in Maxwell, NM is 19.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $168.34 for a typical household.
Who provides electricity in Maxwell?
Maxwell is served by 1 electricity provider. Springer Electric Coop, Inc is the largest provider in the area.
How do Maxwell electricity rates compare to the rest of New Mexico?
Maxwell's average rate of 19.0¢/kWh is 18.8% above the New Mexico state average of 16.0¢/kWh. Residents may benefit from exploring solar energy to offset higher electricity costs.