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Solar Panel Cost in Mitchell, South Dakota
Local pricing, savings, and net metering data for Mitchell homeowners.
$1,460
Annual Savings
12 yrs
Payback Period
$17,554
Net Cost
$32,316
25-Year Savings
Cost & Savings Breakdown
Based on $150/month electric bill in Mitchell
System Size
8.6 kW
Annual Production
12,373 kWh
Gross System Cost
$25,078
Federal Tax Credit (30%)
-$7,523
State Incentive
None
Net Cost
$17,554
Monthly Savings
$122
CO₂ Offset/yr
11,383 lbs
25-Year Savings Projection
Utility & Net Metering
Local UtilityNorthwestern Energy SD
Net Metering PolicyFull Retail
Compensation RateFull retail rate
Capacity LimitNo overall limit
Electricity Rate$0.118/kWh
Peak Sun Hours4.9 hrs/day
Available Incentives
30%
Federal ITC — Deduct 30% of your system cost from federal taxes. Available through 2032.
Common Questions
How much does solar cost in Mitchell?
Solar in Mitchell, South Dakota costs approximately $25,078 for a 8.6 kW system. After the 30% federal tax credit, your net cost is about $17,554.
What is the solar payback period in Mitchell?
The estimated payback period for solar in Mitchell is 12 years, based on a $150/month electric bill and local sun hours of 4.9 hrs/day.
Does Northwestern Energy SD offer net metering?
Northwestern Energy SD offers Full Retail net metering. Full retail rate.