WattBuy’s Guide toElectricity in
Electricity in
Lakewood
New Mexico
New Mexico
Here's the average monthly bill, usage, and carbon footprint of residents in Lakewood
January
$207highestFebruary
$134March
$132April
$129lowestMay
$145June
$178July
$172August
$177September
$146October
$140November
$129lowestDecember
$148Carbon Emissions
583 lbs CO₂
Monthly Usage
1,112 kWh
Lakewood's energy comes from Wind, Natural Gas, Solar, Coal, and Hydroelectric. Wind is the largest source of electricity, providing 43% of Lakewood's energy. Natural Gas is the second largest source, making up 34%. Solar provides 14% of the energy in Lakewood. Coal provides 9% of the energy in Lakewood. Hydroelectric provides 1% of the energy in Lakewood.
43%
Wind
34%
Natural Gas
14%
Solar
9%
Coal
1%
Hydroelectric
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
$12,732
Average system cost
(after federal incentive)
10 years
Payback period
Net metering policies in Lakewood 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.
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 Service - Alternative TOU | TOU | 10¢ to 28¢ |
| RS (Residential Service) | Fixed | 11¢ to 13¢ |
| Residential Heating Service | Fixed | 7¢ to 10¢ |
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