WattBuy’s Guide toElectricity in
Electricity in
Hobbs
New Mexico
New Mexico
Here's the average monthly bill, usage, and carbon footprint of residents in Hobbs
January
$248highestFebruary
$150March
$143April
$140lowestMay
$167June
$191July
$190August
$193September
$160October
$155November
$143December
$153Carbon Emissions
566 lbs CO₂
Monthly Usage
1,135 kWh
Hobbs's energy comes from Wind, Natural Gas, Solar, and Coal. Wind is the largest source of electricity, providing 49% of Hobbs's energy. Natural Gas is the second largest source, making up 23%. Solar provides 16% of the energy in Hobbs. Coal provides 13% of the energy in Hobbs.
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.
0 kWh
Energy generated by average sized system
$12,837
Average system cost
(after federal incentive)
10 years
Payback period
Net metering policies in Hobbs 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.
Lea County Electric Coop, Inc has several different electricity rates for residential customers, as shown in the table below.
| Rate Name | Rate Type | Cost Per kWh |
| Large Irrigation Service | Fixed | 6¢ |
| Small Irrigation Service | Fixed | 7¢ |
| Cottin Gin Service | Fixed | 8¢ |
| Residential Service - Single Phase | Fixed | 8¢ |
| Residential Service - Three Phase | Fixed | 8¢ |
Xcel Energy - New Mexico has several different electricity rates for residential customers, as shown in the table below.
| Rate Name | Rate Type | Cost Per kWh |
| Residential Heating Service | Fixed | 7¢ to 10¢ |
| Residential Service - Alternative TOU | TOU | 10¢ to 28¢ |
| RS (Residential Service) | Fixed | 11¢ to 13¢ |
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