WattBuy’s Guide toElectricity in
Electricity in
Hanover
New Mexico
New Mexico
Here's the average monthly bill, usage, and carbon footprint of residents in Hanover
January
$187highestFebruary
$159March
$133April
$123May
$122lowestJune
$155July
$156August
$159September
$133October
$127November
$139December
$156Carbon Emissions
521 lbs CO₂
Monthly Usage
994 kWh
Hanover's energy comes from Wind, Natural Gas, Solar, and Coal. Wind is the largest source of electricity, providing 49% of Hanover's energy. Natural Gas is the second largest source, making up 22%. Solar provides 17% of the energy in Hanover. Coal provides 12% of the energy in Hanover.
49%
Wind
22%
Natural Gas
17%
Solar
12%
Coal
Solar power is on the rise, helping homeowners save on their electricity bills and power their homes sustainably.
0 kWh
Energy generated by average sized system
$12,018
Average system cost
(after federal incentive)
10 years
Payback period
Net metering policies in Hanover 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 | |
| Dishwashers | $50 | 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 |
| Freezers (purchase) | $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 |
| Room Air Conditioning (purchase) | $25 | 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 |
| 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 |
| 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 | Fixed | 12¢ to 21¢ |
| Residential Service Time-Of-Use | TOU | 11¢ to 24¢ |
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