Electric Water Heater (Tank) in Albuquerque — $693/yr to Run (14.1¢/kWh)
Your electric water heater (tank) in Albuquerque costs about $58/month at 14.1¢/kWh. See daily, monthly, and yearly costs, plus tips to cut your bill.
Albuquerque, NM Electricity Rate
14.1¢/kWh
Utility: PNM (Public Service Co. of New Mexico)
+8% vs national avg
National avg: 13.0¢/kWh
Daily Cost
$1.90
13.5 kWh/day
Monthly Cost
$57.73
411 kWh/mo
Annual Cost
$693
4,928 kWh/yr
Lifetime (12yr)
$8,314
energy only
Monthly Cost Breakdown in Albuquerque
| Period | kWh | Albuquerque Cost | National Avg | Difference |
|---|---|---|---|---|
| Daily | 13.5 | $1.90 | $1.76 | +$0.14 |
| Weekly | 94.5 | $13.29 | $12.29 | +$1.00 |
| Monthly | 410.6 | $57.73 | $53.38 | +$4.35 |
| Quarterly | 1231.9 | $173.20 | $160.14 | +$13.06 |
| Annual | 4927.5 | $692.81 | $640.58 | +$52.23 |
Customize Your Electric Water Heater (Tank) Cost
Adjust usage hours and electricity rate to calculate your exact cost in Albuquerque.
Daily
$1.90
Monthly
$57.73
Annual
$693
12-Year
$8,314
Energy Saving Tips for Electric Water Heater (Tank) in Albuquerque
- ✓Albuquerque electricity rates are 8% above the national average — energy efficiency matters more here.
- ✓An ENERGY STAR Electric Water Heater (Tank) in Albuquerque saves ~$104/year compared to standard models.
- ✓A smart Electric Water Heater (Tank) with scheduling optimization can save ~$104/year at Albuquerque rates.
- ✓Set temperature to 120F
- ✓Insulate tank and hot water pipes
- ✓Drain sediment annually
ENERGY STAR Savings: Upgrading to an ENERGY STAR Electric Water Heater (Tank) in Albuquerque saves approximately $104/year at local rates — $1,247 over the appliance lifetime.
Highest-Cost Appliances in Albuquerque, NM
See which appliances cost the most to run at Albuquerque's 14.1¢/kWh electricity rate.
Level 2 EV Charger (240V)
Transportation · 7,200W
$1,822/yr
$151.85/mo
Electric Furnace
HVAC · 10,000W
$1,265/yr
$105.45/mo
Electric Tankless Water Heater
Water Heating · 18,000W
$924/yr
$76.98/mo
EV Charger (Level 2)
Garage · 7,200W
$911/yr
$75.92/mo
Boiler (Electric)
HVAC · 6,000W
$759/yr
$63.27/mo
Water Heater (Tank Electric)
Water Heating · 4,500W
$693/yr
$57.73/mo
Heat Pump
HVAC · 2,400W
$540/yr
$44.99/mo
Hot Tub / Spa
Pool & Spa · 3,000W
$506/yr
$42.18/mo
Electric Water Heater (Tank) Cost in Other New Mexico Cities
| City | Rate | Annual Cost | vs Albuquerque |
|---|---|---|---|
| Albuquerque (current) | 14.1¢ | $693 | — |
| Las Cruces | 13.7¢ | $673 | $-20 |
| Rio Rancho | 15.5¢ | $763 | +$70 |
| Santa Fe | 14.4¢ | $710 | +$17 |
Electric Water Heater (Tank) Energy Cost FAQ — Albuquerque, NM
Understanding Electric Water Heater (Tank) Energy Costs in Albuquerque, NM
In a major metro like Albuquerque, electricity demand is high and rates reflect the cost of maintaining infrastructure for 0.6 million residents. Running a high-draw appliance like the Electric Water Heater (Tank) (4,500W) at Albuquerque's rate of 14.1¢/kWh costs approximately $693 per year — $52 more than the national average of $641.
Albuquerque rates are 8% above the national average — a modest premium that adds $52 per year to Electric Water Heater (Tank) operating costs. Over the appliance's 12-year lifespan, that's $627 in cumulative extra spending versus the national average.
With a cost of living index of 102, Albuquerque is near the national median. The Electric Water Heater (Tank)'s monthly cost of $57.73 represents a typical share of the average Albuquerque electric bill of $143/month. Upgrading to an ENERGY STAR Electric Water Heater (Tank) can cut energy use by up to 15%, saving approximately $104 per year at Albuquerque rates.
Albuquerque's moderate climate (avg 67.1°F) helps keep seasonal energy cost swings manageable for most appliances. A Electric Water Heater (Tank) produces approximately 3.52 tons of CO2 annually at typical usage. Albuquerque residents can reduce this footprint by choosing an ENERGY STAR certified unit, optimizing usage patterns, or investing in solar — see our solar savings calculator for Albuquerque.
Compare All Energy Costs in Albuquerque
See energy costs for 178+ household appliances at Albuquerque's local electricity rate.
Frequently Asked Questions
How much does it cost to run an Electric Water Heater (Tank) in Albuquerque, NM?
At Albuquerque's average electricity rate of 14.1¢/kWh, an Electric Water Heater (Tank) costs approximately $693 per year to run. That's about $57.73 per month with typical usage of 3 hours per day.
What is the electricity rate in Albuquerque, NM?
The average residential electricity rate in Albuquerque, NM is 14.1¢/kWh, which is 8% above the national average of 13.0¢/kWh. The primary utility provider is PNM (Public Service Co. of New Mexico).
How much electricity does an Electric Water Heater (Tank) use per year?
A Electric Water Heater (Tank) uses approximately 4,500 watts and consumes about 4,928 kWh per year with typical usage of 3 hours/day for 365 days/year.
Is an Electric Water Heater (Tank) expensive to run in Albuquerque?
Compared to the national average cost of $641/year, running an Electric Water Heater (Tank) in Albuquerque costs $52 more per year due to higher local electricity rates.
How can I reduce my Electric Water Heater (Tank) energy cost in Albuquerque?
To reduce Electric Water Heater (Tank) costs in Albuquerque: Set temperature to 120F. Insulate tank and hot water pipes. Upgrading to an ENERGY STAR model saves up to 15% on energy costs. Also check with PNM (Public Service Co. of New Mexico) for local energy efficiency rebates and programs.