South Dakota's electricity prices average $0.12/kWh, below the national average of $0.14/kWh and essentially consistent year over year.
Cost of a Solar Install
The average cost of a 5kW (equivalent to saving about 100 trees a year) solar power system starts around $9,000 in South Dakota. That system would pay for itself through energy savings within 5-6.5 years. System life can span well over 25 years, and savings will improve with inflation.
Going Solar in the Artesian State
With roughly 5 peak sun hours (PSH) across the state, South Dakota is prime real estate for rooftop solar. A residential Solar Photovoltaic (PV) system is not only exempt from tax, it actually reduces the annual property tax for the home on which it is installed! Additional incentives are scant, but savings over the lifetime of the system are still several times the value of the up-front cost of the solar power system.
