Cost of solar in Pierre, SD

Electricity Consumption in Pierre

Electricity Consumption by South Dakota residents averages 967 kWh per month. It ranks #47 in the nation for savings from installing solar panels on the home.

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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 to find out:

 

Estimate your solar savings

 

Solar power in South Dakota

The average cost of installing residential solar panels in Pierre, South Dakota in 2019 is $3.44 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 $17,200. (before claiming 30% 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 solar calculator to get a result tailored to you.

$21,819

Net cost of system
Cash - after 30% solar tax credit

11 Years 6 Months

Average payback time

13,777
kWh

Annual power production


/kWh

levilized cost of solar energy

19¢
/kWh

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

$34,602

(Prices shown after repayments of capital)

 


Solar calculator and quote comparison tool

Average total cost of solar panel installation in South Dakota

System Size Cash purchase
After 30% solar tax credit
Financed purchase
After 30% solar tax credit
3kw $7,938 $8,573
4kw $10,276 $11,098
5kw $12,460 $13,457
6kw $14,448 $15,604
7kw $16,317 $17,622
8kw $18,032 $19,475
9kw $19,593 $21,160
10kw $21,000 $22,680

 

Design your own solar panel system for your home

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:
Incentive Name Eligibility Type
Residential Renewable Energy Tax Credit Federal Personal Tax Credit
Renewable Energy System Exemption State Property Tax Incentive
Find your local rebates and incentives

Please keep in mind that the best source of up-to-date information on incentives are the solar installers who specialize in your area.