Electricity Rates in Velarde, NM
Residents of Velarde, NM benefit from relatively low electricity rates, averaging 15.0¢/kWh — 15.6% below the national average. Jemez Mountains Elec Coop, Inc serves the area.
Electricity Providers in Velarde
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Jemez Mountains Elec Coop, Inc | 15.0¢/kWh | 14.0¢/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 Velarde
At 15.0¢/kWh, a typical Velarde 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 Velarde
Charging an electric vehicle at home in Velarde 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 Velarde, NM?
The average residential electricity rate in Velarde, 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 Velarde?
Velarde is served by 1 electricity provider. Jemez Mountains Elec Coop, Inc is the largest provider in the area.
How do Velarde electricity rates compare to the rest of New Mexico?
Velarde'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.