Electricity prices in Santa Fe, NM
Households in Santa Fe 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 Santa Fe
Commercial customers pay 12.1¢/kWh and industrial customers 5.1¢/kWh (New Mexico average).
Home running costs in Santa Fe
In Santa Fe, running an 860 sq ft home costs on average $61 a month excluding rent – 28% cheaper than the US average.
Monthly cost breakdown
Default home: 860 sq ft, 2 people, 2,500 kWh electricity a year.
Santa Fe compared with the average for the United States
Your biggest saving opportunity
At today's prices a heat pump would cost about $84 a year more than a gas boiler in Santa Fe; 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 7,250 kWh a year at 4.4¢/kWh.
Solar potential in Santa Fe
1 kWp of solar panels produces about 1,984 kWh a year here. ($327 per year)
Not yet available for Santa Fe: 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
More cities in New Mexico
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