Solar Savings Calculator for Rapid City, SD

Homeowners in Rapid City pay an average of $130/month for electricity through Black Hills Energy. With 4.8 peak sun hours per day, solar panels can significantly reduce your energy costs.

$130
Avg Monthly Bill
13.5¢/kWh
Electricity Rate
4.8h/day
Peak Sun Hours
$40,763
Est. 25-Year Savings

Calculate Your Savings in Rapid City

Adjust Your Details for Rapid City, SD

$
$50$1,000
50010,000
50¢

Your Estimated Solar Savings

System Size
6.8 kW
Panel Count
17 panels
Total System Cost
$19,380
Federal Tax Credit (30%)
-$5,814
Net Cost
$13,566
Annual Savings
$1,560
Payback Period
8.7 years
25-Year Savings
$40,763
Return on Investment
300%

* Estimates based on 4.8 peak sun hours/day in Rapid City, SD, system cost of $2.85/watt, 30% federal ITC, 3% annual electricity inflation, and 0.5% annual panel degradation over 25 years. Actual results may vary.

Local Solar Details for Rapid City

Utility & Permits

Utility Company
Black Hills Energy
Permit Cost
$250
Permit Timeline
2-3 weeks
Net Metering
full

System Estimates

Recommended Size
6.8 kW
Panel Count
17 panels
Gross Cost
$19,380
Net Cost (after credits)
$13,566

Available Incentives for Rapid City, SD

Federal Solar Investment Tax Credit (ITC)

Reduces federal income tax liability by 30% of the total cost of a solar energy system, including equipment and installation.

30% of system cost

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