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
$201highestFebruary
$136March
$132April
$129lowestMay
$154June
$176July
$176August
$178September
$147October
$143November
$132December
$141Carbon Emissions
586 lbs CO₂
Monthly Usage
1,116 kWh
Hobbs's energy comes from Wind, Natural Gas, Solar, Coal, and Hydroelectric. Wind is the largest source of electricity, providing 43% of Hobbs's energy. Natural Gas is the second largest source, making up 34%. Solar provides 14% of the energy in Hobbs. Coal provides 9% of the energy in Hobbs. Hydroelectric provides 1% of the energy in Hobbs.
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
$12,837
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 |
| Cottin Gin Service | Fixed | 8¢ |
| Residential Service - Three Phase | Fixed | 8¢ |
| Small Irrigation Service | Fixed | 7¢ |
| Large Irrigation Service | Fixed | 6¢ |
| Residential Service - Single 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 Service - Alternative TOU | TOU | 10¢ to 28¢ |
| Residential Heating Service | Fixed | 7¢ to 10¢ |
| RS (Residential Service) | Fixed | 11¢ to 13¢ |
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