Electricity Rates in Silver city, NM
The average residential electricity rate in Silver city, NM is 16.0¢/kWh based on 2024 EIA data. Public Service Co of NM provides electricity to the area. This is close to the New Mexico state average.
Electricity Providers in Silver city
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Public Service Co of NM | 16.0¢/kWh | 12.0¢/kWh | Investor Owned |
Estimated Monthly Electric Bill
Based on the average residential rate of 16.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Silver city
At 16.0¢/kWh, a typical Silver city household spends approximately $1701.12/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 Silver city
Charging an electric vehicle at home in Silver city costs approximately $144.00/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 Silver city, NM?
The average residential electricity rate in Silver city, NM is 16.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $141.76 for a typical household.
Who provides electricity in Silver city?
Silver city is served by 1 electricity provider. Public Service Co of NM is the largest provider in the area.
How do Silver city electricity rates compare to the rest of New Mexico?
Silver city's average rate of 16.0¢/kWh is close to the New Mexico state average of 16.0¢/kWh. Rates are typical for the region.