Electricity Rates in Tucumcari, NM
Residents of Tucumcari, NM benefit from relatively low electricity rates, averaging 15.0¢/kWh — 15.6% below the national average. The city is served by 3 electricity providers, with Farmers Electric Coop, Inc - (NM) being the largest.
Electricity Providers in Tucumcari
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Farmers Electric Coop, Inc - (NM) | 13.0¢/kWh | 12.0¢/kWh | Cooperative |
| Southwestern Public Service Co | 12.0¢/kWh | 8.0¢/kWh | Investor Owned |
| Springer Electric Coop, Inc | 19.0¢/kWh | 15.0¢/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 Tucumcari
At 15.0¢/kWh, a typical Tucumcari 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 Tucumcari
Charging an electric vehicle at home in Tucumcari 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 Tucumcari, NM?
The average residential electricity rate in Tucumcari, 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 Tucumcari?
Tucumcari is served by 3 electricity providers. Farmers Electric Coop, Inc - (NM) is the largest provider in the area, though rates and availability vary by specific address.
How do Tucumcari electricity rates compare to the rest of New Mexico?
Tucumcari'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.