WattBuy’s Guide toElectricity in
Electricity in
Santa Fe
New Mexico
New Mexico
Here's the average monthly bill, usage, and carbon footprint of residents in Santa Fe
January
$330highestFebruary
$189March
$145April
$142May
$137June
$134lowestJuly
$147August
$147September
$135October
$145November
$166December
$232Carbon Emissions
721 lbs CO₂
Monthly Usage
1,149 kWh
Santa Fe's energy comes from Wind, Natural Gas, Solar, and Coal. Wind is the largest source of electricity, providing 37% of Santa Fe's energy. Natural Gas is the second largest source, making up 25%. Solar provides 21% of the energy in Santa Fe. Coal provides 18% of the energy in Santa Fe.
37%
Wind
25%
Natural Gas
21%
Solar
18%
Coal
Solar power is on the rise, helping homeowners save on their electricity bills and power their homes sustainably.
1,640 kWh
Energy generated by average sized system
$10,459
Average system cost
(after federal incentive)
10 years
Payback period
Net metering policies in Santa Fe 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 |
| Ductless Heat Pump (mini & multi split) Systems | $400-$800 | Public Service Company of New Mexico (PNM) | See Details |
| Dishwashers | $50 | 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 |
| 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 |
| Central Air Conditioning - Split Systems | $200-$400 | Public Service Company of New Mexico (PNM) | See Details |
| Clothes Dryers | $75 | Public Service Company of New Mexico (PNM) | See Details |
Mora-San Miguel Elec Coop, Inc 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¢ |
| Seasonal Residential Service | Fixed | 11¢ |
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”) | TOU | 10¢ to 25¢ |
| Residential Service TIME-OF-DAY (“TOD”) | TOU | 11¢ to 38¢ |
| Residential Service | Fixed | 11¢ to 22¢ |
Jemez Mountains Elec Coop, Inc has several different electricity rates for residential customers, as shown in the table below.
| Rate Name | Rate Type | Cost Per kWh |
| Residential Service | Fixed | 11¢ to 12¢ |
| Residential Optional Time of Use | TOU | 9¢ to 16¢ |
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