PNM’s Electricity Rate Hike and How Solar Can Help
Introduction
PNM’s electricity rate hike is making headlines across New Mexico. Starting in 2025, homeowners will face a 25% increase in electricity rates, which could add hundreds of dollars to annual energy costs. But you don’t have to be at the mercy of rising utility bills. Solar energy offers a way to lock in predictable costs and avoid these steep increases.
Check your roof’s solar potential today!
Understanding PNM’s Electricity Rate Hike
The proposed increase will roll out in two phases:
- Phase 1: Mid-2025, with an initial increase averaging $11.12 per month.
- Phase 2: Early 2026, adding another $12.48 per month, bringing the total increase to 25%.
This hike is part of PNM’s plans to improve infrastructure and transition to renewable energy. However, these costs are passed directly to homeowners.
The Impact on New Mexico Homeowners
For many families, PNM’s electricity rate hike means tighter budgets and less financial flexibility. Rising utility bills can disrupt savings plans, but solar energy offers a solution to take control of your energy expenses.
Read testimonials from homeowners who switched to solar with Solar Works Energy and see how they’re saving.
How Solar Can Save You Money
By switching to solar energy, you can:
- Lock in energy costs: Avoid future rate hikes with fixed monthly payments.
- Reduce bills: Generate your own electricity and rely less on the grid.
- Claim incentives: Take advantage of the 30% federal tax credit and 10% New Mexico state tax credit to offset installation costs.
- Boost home value: Solar-equipped homes often sell faster and at higher prices.
Discover how much you could save with solar!
Debunking Myths About Solar
Still unsure if solar is right for you? Check out our detailed blog post on debunking solar myths in New Mexico and get the facts.
Benefits of Choosing Solar with Solar Works Energy
In addition to cost savings, Solar Works Energy provides:
- Expert installations: Our team specializes in seamless installations tailored to New Mexico homes.
- Exceptional service: We guide you from consultation to post-installation support.
- Community impact: By going solar, you’re contributing to a greener, more sustainable New Mexico.
Conclusion
With PNM’s electricity rate hike looming, now is the perfect time to consider solar energy. Solar not only protects you from rising utility costs but also increases home value and supports environmental sustainability.
Check your solar options today or contact us for a personalized consultation.