WattBuy’s Guide toElectricity in
Electricity in
North Valley
New Mexico
New Mexico
Here's the average monthly bill, usage, and carbon footprint of residents in North Valley
January
$106February
$105March
$101April
$85May
$121June
$171July
$204highestAugust
$203September
$131October
$75lowestNovember
$96December
$102Carbon Emissions
780 lbs CO₂
Monthly Usage
907 kWh
North Valley's energy comes from Wind, Natural Gas, Solar, Coal, and Hydroelectric. Wind is the largest source of electricity, providing 43% of North Valley's energy. Natural Gas is the second largest source, making up 34%. Solar provides 14% of the energy in North Valley. Coal provides 9% of the energy in North Valley. Hydroelectric provides 1% of the energy in North Valley.
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.
1,859 kWh
Energy generated by average sized system
$13,962
Average system cost
(after federal incentive)
10 years
Payback period
Net metering policies in North Valley 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 |
| Freezers (purchase) | $50 | Public Service Company of New Mexico (PNM) | See Details |
| Refrigerators (purchase) | $125 | 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 |
| Clothes Dryers | $75 | Public Service Company of New Mexico (PNM) | See Details |
| Dishwashers | $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 |
| Central Air Conditioning - Single Package | $200-$400 | 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 |
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¢ |
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