Electricity Rates in Reserve, NM
Residents of Reserve, NM benefit from relatively low electricity rates, averaging 15.0¢/kWh — 15.6% below the national average. Navopache Electric Coop, Inc serves the area.
Electricity Providers in Reserve
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Navopache Electric Coop, Inc | 15.0¢/kWh | 10.0¢/kWh | Cooperative |
Estimated Monthly Electric Bill
Based on the average residential rate of 15.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Reserve
At 15.0¢/kWh, a typical Reserve household spends approximately $1594.80/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 Reserve
Charging an electric vehicle at home in Reserve costs approximately $135.00/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 Reserve, NM?
The average residential electricity rate in Reserve, NM is 15.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $132.90 for a typical household.
Who provides electricity in Reserve?
Reserve is served by 1 electricity provider. Navopache Electric Coop, Inc is the largest provider in the area.
How do Reserve electricity rates compare to the rest of New Mexico?
Reserve's average rate of 15.0¢/kWh is 6.3% below the New Mexico state average of 16.0¢/kWh. Residents enjoy some of the lower rates in the state.