Electricity Rates in Red river, NM
The average residential electricity rate in Red river, NM is 19.0¢/kWh based on 2024 EIA data. The city is served by 2 utility providers. This is 18.8% above the New Mexico state average.
Electricity Providers in Red river
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Kit Carson Electric Coop, Inc | 18.0¢/kWh | 16.0¢/kWh | Cooperative |
| 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 Red river
At 19.0¢/kWh, a typical Red river 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 Red river
Charging an electric vehicle at home in Red river 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 Red river, NM?
The average residential electricity rate in Red river, 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 Red river?
Red river is served by 2 electricity providers. Kit Carson Electric Coop, Inc is the largest provider in the area, though rates and availability vary by specific address.
How do Red river electricity rates compare to the rest of New Mexico?
Red river'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.