Solar power in Pierre, South Dakota
Pierre Municipal Electric does not offer net metering or any rebates to its solar customers. In fact, only one investor-owned utility in the state, Xcel Energy, provides compensation for net excess generation. However, Pierre residents can apply for the statewide property tax exemption. Under it, once a solar system is installed on a property, it will be assessed. The first $50,000, or 70% of the assessed value, (whichever value is greater) is exempt from the homeowners' property taxes. This can save you quite a bit of money on solar in South Dakota.
Additionally, Pierre homeowners can take advantage of the federal tax credit, which provides a credit equal to 30% of the total system costs that can be applied to your federal income taxes. So, even without net metering or additional rebates, Pierre residents still have the potential for great savings with the federal tax credit and the property tax exemption.
Even if you are not convinced about solar we recommend that at the very least you use the solar panel calculator for Pierre to find out:
- How many solar panels you need to cover your power bill;
- How suitable your house is for solar;
- What incentives your house may be eligible for;
- The cost of solar panel installation in Pierre and whether you are eligible for zero down solar deals; and
- Your likely payback period and return on investment from installing solar
Estimate your solar savings
The average cost of installing residential solar panels in Pierre, South Dakota in 2020 is $2.44 per watt. The average system size in the US is 6 kilowatts, which means the average price of a solar system in Pierre, SD is $12,200. (before claiming 26% tax credit and other rebates)
What does the cost of a real solar system look like?
Facts about installing a 10.39kW solar system in Pierre, SD
This system would offset 100% of your energy usage if your typical monthly bill is $124, however your situation may vary so try our Pierre solar calculator to get a result tailored to you.
Net cost of system
Cash - after 26% solar tax credit
8 Years 8 Months
Average payback time
Annual power production
levilized cost of solar energy
If you don't get solar
The forecast average utility price over the next 25 years
Cash flow graph based on cash purchase of this 10.39kW system
Life-time savings on this system over the next 25 years
(Prices shown after repayments of capital)
Average total cost of solar panel installation in South Dakota
|System Size||Cash purchase
After 26% solar tax credit
After 26% solar tax credit
Going solar in South Dakota
Check out all of the ways energy providers of South Dakota can help you be more energy efficient and save money.
The following programs are available:
Please keep in mind that the best source of up-to-date information on incentives are the solar installers who specialize in your area.