Electricity cost in New Mexico, 2026
Homes in New Mexico paid an average of 15.08¢ per kWh from January–July 2026 — 17% below the U.S. average of 18.19¢, and up 2.8% from the same months of 2025. That ranks 18th cheapest of the 50 states and DC.
$40.72a month (30 days)
- Per hour of use
- $0.23
- Per day
- $1.36 · 9.00 kWh
- Per month
- 270.0 kWh
- Per year
- $495.38 · 3,285 kWh
Wattage on the nameplate is the maximum. Thermostat-controlled appliances (fridges, heaters, AC) cycle, so their real cost is usually lower; a plug-in meter tells you exactly.
What appliances cost to run in New Mexico
At 15.08¢/kWh, 30-day month. Your utility's rate and fixed charges will differ; your bill's total divided by its kWh is your real price.
| Appliance | Watts | h/day | Per month | Per year |
|---|---|---|---|---|
| Refrigerator (modern, ENERGY STAR) | 150 | 10 | $6.79 | $82.56 |
| Central AC, 3 ton | 3,500 | 8 | $126.67 | $1,541 |
| Window AC, 10,000 BTU | 900 | 8 | $32.57 | $396.30 |
| Space heater | 1,500 | 6 | $40.72 | $495.38 |
| Electric water heater | 4,500 | 3 | $61.07 | $743.07 |
| Electric clothes dryer | 5,400 | 0.75 | $18.32 | $222.92 |
| Dehumidifier | 785 | 12 | $42.62 | $518.50 |
| 55" LED TV | 100 | 5 | $2.26 | $27.52 |
| Desktop computer | 120 | 8 | $4.34 | $52.84 |
| Gaming PC under load | 450 | 3 | $6.11 | $74.31 |
| Wi-Fi router + modem | 25 | 24 | $2.71 | $33.03 |
| Level 2 EV charging, 32 A | 7,680 | 1.50 | $52.12 | $634.08 |
New Mexico compared with its neighbors
New Mexico is in the EIA's Mountain region. July's price (16.09¢) ran above the year-to-date average, the usual summer peak. In the same region, Idaho paid 12.96¢.
| State | ¢/kWh 2026 YTD | Change vs 2025 | National rank |
|---|---|---|---|
| Idaho | 12.96 | +12.0% | 3 of 51 |
| Utah | 13.16 | +3.4% | 4 of 51 |
| Nevada | 13.53 | +2.6% | 6 of 51 |
| Montana | 13.95 | +11.3% | 10 of 51 |
| Wyoming | 13.95 | +7.8% | 11 of 51 |
| New Mexico | 15.08 | +2.8% | 18 of 51 |
| Arizona | 15.44 | +0.9% | 24 of 51 |
| Colorado | 16.72 | +8.0% | 30 of 51 |
Charging an EV in New Mexico
At this price, a car that goes 3.5 miles per kWh costs about $4.79 per 100 miles charged at home (counting 10% charging losses). A 40-mile daily commute adds about $57.45 a month to the bill. Size the circuit with the EV charger calculator.
Running backup power instead
A 7.5 kW portable generator at half load burns about 0.75 gallons of gasoline an hour, roughly 3.75 kWh. At $3.20 a gallon that is about 64¢ per kWh — 4.2 times New Mexico's grid price. Generators are for outages, not savings. Compare with the fuel consumption calculator.