Electricity prices in Hobbs, NM
Households in Hobbs pay 16.5¢/kWh (New Mexico average), about $117 a month for 706 kWh a month, the New Mexico household average.
Monthly electricity bill by consumption
| Consumption | Per month | Per year |
|---|---|---|
| 500 kWh a month | $83 | $991 |
| 1,000 kWh a month | $165 | $1,981 |
| 1,500 kWh a month | $248 | $2,972 |
| 2,000 kWh a month | $330 | $3,962 |
At 16.5¢/kWh, the average household price including taxes and fixed charges (August 2026). Small households usually pay a little more per kWh, large ones a little less.
Business electricity in Hobbs
Commercial customers pay 12.1¢/kWh and industrial customers 5.1¢/kWh (New Mexico average).
Home running costs in Hobbs
In Hobbs, running an 860 sq ft home costs on average $48 a month excluding rent – 42% cheaper than the US average.
Monthly cost breakdown
Default home: 860 sq ft, 2 people, 2,500 kWh electricity a year.
Hobbs compared with the average for the United States
Your biggest saving opportunity
At today's prices a heat pump would cost about $44 a year more than a gas boiler in Hobbs; check the incentives available before deciding.
Gas boiler vs heat pump calculator · Monthly home running cost calculator
Heating need through the year
Heating with a gas boiler: about 3,797 kWh a year at 4.4¢/kWh.
Solar potential in Hobbs
1 kWp of solar panels produces about 1,829 kWh a year here. ($302 per year)
Not yet available for Hobbs: Water.
How we calculate this
Electricity: average residential price per kWh in the state (August 2026). Heating: heating degree days for the location × floor area × building factor, priced with the gas boiler cost (state residential natural gas price). Water and rent are added when official data is available. Methodology
Nearby cities
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