Solar Savings Calculator for Sioux Falls, SD
Homeowners in Sioux Falls pay an average of $132/month for electricity through Xcel Energy. With 4.5 peak sun hours per day, solar panels can significantly reduce your energy costs.
$132
Avg Monthly Bill
13.8¢/kWh
Electricity Rate
4.5h/day
Peak Sun Hours
$40,801
Est. 25-Year Savings
Calculate Your Savings in Sioux Falls
Adjust Your Details for Sioux Falls, SD
$
$50$1,000
50010,000
5¢50¢
Your Estimated Solar Savings
System Size
7.2 kW
Panel Count
18 panels
Total System Cost
$20,520
Federal Tax Credit (30%)
-$6,156
Net Cost
$14,364
Annual Savings
$1,584
Payback Period
9.1 years
25-Year Savings
$40,801
Return on Investment
284%
* Estimates based on 4.5 peak sun hours/day in Sioux Falls, 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 Sioux Falls
Utility & Permits
- Utility Company
- Xcel Energy
- Permit Cost
- $250
- Permit Timeline
- 2-3 weeks
- Net Metering
- full
System Estimates
- Recommended Size
- 7.2 kW
- Panel Count
- 18 panels
- Gross Cost
- $20,520
- Net Cost (after credits)
- $14,364
Available Incentives for Sioux Falls, 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.
Other Cities in South Dakota
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