STATE ELECTRICITY REPORT / NM
New Mexico electricity prices and operating costs.
Latest residential average: 14.12¢/kWh for 2026-05.
Residential rate14.12¢
1 month-6.8%
1 year-2.6%
5 years+7.2%
Cost to run common equipment in New Mexico
Every row uses the same standardized annual kWh assumption used on the national Cost to Run Index.
| Equipment | Annual kWh | Monthly cost | Annual cost |
|---|---|---|---|
| Traditional Sauna | 1,755 | $21 | $248 |
| Infrared Sauna | 211 | $2 | $30 |
| EV Charging | 2,880 | $34 | $407 |
| Central Air Conditioning | 3,360 | $40 | $474 |
| Heat Pump | 3,600 | $42 | $508 |
| Hot Tub | 2,190 | $26 | $309 |
| Pool Pump | 2,160 | $25 | $305 |
| Electric Water Heater | 4,500 | $53 | $635 |
| Refrigerator | 600 | $7 | $85 |
| Electric Clothes Dryer | 468 | $6 | $66 |
| Dishwasher | 312 | $4 | $44 |
| Electric Oven | 520 | $6 | $73 |
| Dehumidifier | 720 | $8 | $102 |
| Space Heater | 900 | $11 | $127 |
| Chest Freezer | 350 | $4 | $49 |