WattBuy’s Guide toElectricity in
Electricity in
Corrales
New Mexico
New Mexico
Here's the average monthly bill, usage, and carbon footprint of residents in Corrales
January
$397highestFebruary
$211March
$163April
$156May
$153lowestJune
$181July
$186August
$186September
$160October
$165November
$196December
$249Carbon Emissions
670 lbs CO₂
Monthly Usage
1,344 kWh
Corrales's energy comes from Wind, Natural Gas, Solar, and Coal. Wind is the largest source of electricity, providing 49% of Corrales's energy. Natural Gas is the second largest source, making up 23%. Solar provides 16% of the energy in Corrales. Coal provides 13% of the energy in Corrales.
49%
Wind
23%
Natural Gas
16%
Solar
13%
Coal
Solar power is on the rise, helping homeowners save on their electricity bills and power their homes sustainably.
1,959 kWh
Energy generated by average sized system
$13,528
Average system cost
(after federal incentive)
10 years
Payback period
Net metering policies in Corrales can help solar panel owners save money and reduce their carbon footprint. When your solar panels generate more electricity than you use, you can send the excess back to the grid and receive credit on your next bill. Just something to keep in mind when considering solar panels.
| incentive | savings | utility | |
| Air-Source Heat Pump - Single Package | $200-$400 | Public Service Company of New Mexico (PNM) | See Details |
| Clothes Washers | $75 | Public Service Company of New Mexico (PNM) | See Details |
| Central Air Conditioning - Split Systems | $200-$400 | Public Service Company of New Mexico (PNM) | See Details |
| Freezers (purchase) | $50 | Public Service Company of New Mexico (PNM) | See Details |
| Room Air Conditioning (purchase) | $25 | Public Service Company of New Mexico (PNM) | See Details |
| Smart Thermostats | $50 | Public Service Company of New Mexico (PNM) | See Details |
| Clothes Dryers | $75 | Public Service Company of New Mexico (PNM) | See Details |
| Dishwashers | $50 | Public Service Company of New Mexico (PNM) | See Details |
| Refrigerators (purchase) | $125 | Public Service Company of New Mexico (PNM) | See Details |
| Central Air Conditioning - Single Package | $200-$400 | Public Service Company of New Mexico (PNM) | See Details |
| Ductless Heat Pump (mini & multi split) Systems | $400-$800 | Public Service Company of New Mexico (PNM) | See Details |
PNM has several different electricity rates for residential customers, as shown in the table below.
| Rate Name | Rate Type | Cost Per kWh |
| Residential Service Time-Of-Use | TOU | 11¢ to 24¢ |
| Residential Service | Fixed | 12¢ to 21¢ |
Enter your address and WattBuy's proprietary energy estimation model will find the best electricity options for your home