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Solar Panel Cost in Sioux Falls, South Dakota
Local pricing, savings, and net metering data for Sioux Falls homeowners.
$1,460
Annual Savings
14.5 yrs
Payback Period
$21,146
Net Cost
$28,725
25-Year Savings
Cost & Savings Breakdown
Based on $150/month electric bill in Sioux Falls
System Size
10.4 kW
Annual Production
15,208 kWh
Gross System Cost
$30,208
Federal Tax Credit (30%)
-$9,063
State Incentive
None
Net Cost
$21,146
Monthly Savings
$122
CO₂ Offset/yr
13,992 lbs
25-Year Savings Projection
Utility & Net Metering
Local UtilityXcel Energy SD
Net Metering PolicyFull Retail
Compensation RateFull retail rate
Capacity Limit120% of annual consumption
Electricity Rate$0.096/kWh
Peak Sun Hours5 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 Sioux Falls?
Solar in Sioux Falls, South Dakota costs approximately $30,208 for a 10.4 kW system. After the 30% federal tax credit, your net cost is about $21,146.
What is the solar payback period in Sioux Falls?
The estimated payback period for solar in Sioux Falls is 14.5 years, based on a $150/month electric bill and local sun hours of 5 hrs/day.
Does Xcel Energy SD offer net metering?
Xcel Energy SD offers Full Retail net metering. Full retail rate.