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Solar Panel Cost in Spearfish, South Dakota
Local pricing, savings, and net metering data for Spearfish homeowners.
$1,460
Annual Savings
12.9 yrs
Payback Period
$18,796
Net Cost
$31,074
25-Year Savings
Cost & Savings Breakdown
Based on $150/month electric bill in Spearfish
System Size
9.3 kW
Annual Production
13,519 kWh
Gross System Cost
$26,852
Federal Tax Credit (30%)
-$8,056
State Incentive
None
Net Cost
$18,796
Monthly Savings
$122
CO₂ Offset/yr
12,437 lbs
25-Year Savings Projection
Utility & Net Metering
Local UtilityBlack Hills Energy
Net Metering PolicyFull Retail
Compensation RateFull retail rate
Capacity LimitNo overall limit
Electricity Rate$0.108/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 Spearfish?
Solar in Spearfish, South Dakota costs approximately $26,852 for a 9.3 kW system. After the 30% federal tax credit, your net cost is about $18,796.
What is the solar payback period in Spearfish?
The estimated payback period for solar in Spearfish is 12.9 years, based on a $150/month electric bill and local sun hours of 5 hrs/day.
Does Black Hills Energy offer net metering?
Black Hills Energy offers Full Retail net metering. Full retail rate.