WattBuy’s Guide toElectricity in
Electricity in
University Park
New Mexico
New Mexico
Here's the average monthly bill, usage, and carbon footprint of residents in University Park
January
$205highestFebruary
$167March
$131April
$130lowestMay
$135June
$165July
$173August
$171September
$146October
$138November
$140December
$159Carbon Emissions
590 lbs CO₂
Monthly Usage
1,125 kWh
University Park's energy comes from Wind, Natural Gas, Solar, Coal, and Hydroelectric. Wind is the largest source of electricity, providing 43% of University Park's energy. Natural Gas is the second largest source, making up 34%. Solar provides 14% of the energy in University Park. Coal provides 9% of the energy in University Park. Hydroelectric provides 1% of the energy in University Park.
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.
1,185 kWh
Energy generated by average sized system
$15,825
Average system cost
(after federal incentive)
10 years
Payback period
Net metering policies in University Park 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.
El Paso Electric Company - 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 | TOU | 11¢ to 26¢ |
| RS - TOD Renewable Energy Rate | TOU | 19¢ to 30¢ |
| RS - TOD Voluntary Renewable Energy Rider | TOU | 16¢ to 27¢ |
| RS (Residential Service) Renewable Energy Rate | Fixed | 19¢ to 22¢ |
| Residential Service | Fixed | 11¢ to 16¢ |
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