Electricity Rates in Melrose, NM
Residents of Melrose, NM benefit from relatively low electricity rates, averaging 13.0¢/kWh — 26.9% below the national average. Farmers Electric Coop, Inc - (NM) serves the area.
Electricity Providers in Melrose
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Farmers Electric Coop, Inc - (NM) | 13.0¢/kWh | 12.0¢/kWh | Cooperative |
Estimated Monthly Electric Bill
Based on the average residential rate of 13.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Melrose
At 13.0¢/kWh, a typical Melrose household spends approximately $1382.16/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 Melrose
Charging an electric vehicle at home in Melrose costs approximately $117.00/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 Melrose, NM?
The average residential electricity rate in Melrose, NM is 13.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $115.18 for a typical household.
Who provides electricity in Melrose?
Melrose is served by 1 electricity provider. Farmers Electric Coop, Inc - (NM) is the largest provider in the area.
How do Melrose electricity rates compare to the rest of New Mexico?
Melrose's average rate of 13.0¢/kWh is 18.8% below the New Mexico state average of 16.0¢/kWh. Residents enjoy some of the lower rates in the state.