Electricity Rates in Santa teresa, NM
Residents of Santa teresa, NM benefit from relatively low electricity rates, averaging 10.0¢/kWh — 43.8% below the national average. El Paso Electric Co serves the area.
Electricity Providers in Santa teresa
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| El Paso Electric Co | 10.0¢/kWh | 8.0¢/kWh | Investor Owned |
Estimated Monthly Electric Bill
Based on the average residential rate of 10.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Santa teresa
At 10.0¢/kWh, a typical Santa teresa household spends approximately $1063.20/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 Santa teresa
Charging an electric vehicle at home in Santa teresa costs approximately $90.00/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 Santa teresa, NM?
The average residential electricity rate in Santa teresa, NM is 10.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $88.60 for a typical household.
Who provides electricity in Santa teresa?
Santa teresa is served by 1 electricity provider. El Paso Electric Co is the largest provider in the area.
How do Santa teresa electricity rates compare to the rest of New Mexico?
Santa teresa's average rate of 10.0¢/kWh is 37.5% below the New Mexico state average of 16.0¢/kWh. Residents enjoy some of the lower rates in the state.