Electricity Rates in Zcta 88242, NM
Residents of Zcta 88242, NM benefit from relatively low electricity rates, averaging 11.0¢/kWh — 38.1% below the national average. The city is served by 2 electricity providers, with Lea County Electric Coop, Inc - (NM) being the largest.
Electricity Providers in Zcta 88242
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Lea County Electric Coop, Inc - (NM) | 10.0¢/kWh | 8.0¢/kWh | Cooperative |
| Southwestern Public Service Co | 12.0¢/kWh | 8.0¢/kWh | Investor Owned |
Estimated Monthly Electric Bill
Based on the average residential rate of 11.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Zcta 88242
At 11.0¢/kWh, a typical Zcta 88242 household spends approximately $1169.52/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 Zcta 88242
Charging an electric vehicle at home in Zcta 88242 costs approximately $99.00/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 Zcta 88242, NM?
The average residential electricity rate in Zcta 88242, NM is 11.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $97.46 for a typical household.
Who provides electricity in Zcta 88242?
Zcta 88242 is served by 2 electricity providers. Lea County Electric Coop, Inc - (NM) is the largest provider in the area, though rates and availability vary by specific address.
How do Zcta 88242 electricity rates compare to the rest of New Mexico?
Zcta 88242's average rate of 11.0¢/kWh is 31.2% below the New Mexico state average of 16.0¢/kWh. Residents enjoy some of the lower rates in the state.