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Is Solar Worth It in South Dakota in 2026?

Complete analysis of solar costs, incentives, net metering, and payback for South Dakota homeowners — without the federal ITC.

Cost Per Watt

$2.80

installed

Electricity Rate

$0.180

per kWh

Payback (No ITC)

13.5 yr

current reality

Payback (With 30% ITC)

9.4 yr

hypothetical

25-Year ROI

85%

return on investment

Incentive Breakdown — South Dakota

Available incentives for a typical 7kW residential solar system in South Dakota

Federal ITC (25D)

Expired

The federal solar Investment Tax Credit expired on January 1, 2026. No federal credit available for new installations.

State Tax Credit

None

South Dakota does not offer a state tax credit for solar installations.

SREC Market

Not Available

South Dakota does not have a traditional SREC market.

Property Tax Exemption

No statewide property tax exemption for solar

Sales Tax Exemption

No statewide sales tax exemption for solar

Key Incentives: No major state-level incentives currently available.

Solar Math — With vs Without Federal ITC

Cost breakdown for a typical 7kW residential system in South Dakota

2026 Reality (No Federal ITC)

System Size
7 kW
Cost per Watt
$2.80/W
Gross Cost
$19,600
Federal ITC
$0
Net Cost
$19,600
Annual Savings
$1,452/yr
Payback Period
13.5 years

Hypothetical (With 30% ITC)

System Size
7 kW
Cost per Watt
$2.80/W
Gross Cost
$19,600
Federal ITC (30%)
-$5,880
Net Cost
$13,720
Annual Savings
$1,452/yr
Payback Period
9.4 years

Impact: Without the federal ITC, South Dakota homeowners face a 4.1-year longer payback period — paying $5,880 more out of pocket.

Net Metering Policy — South Dakota

How South Dakota compensates your excess solar production

NEM 2.0 Reduced Net Billing

Reduced export credits or net billing — you earn less than retail for excess solar. Moderate impact on payback.

South Dakota mandates net metering at the utility's avoided cost, below full retail rate.

Cost Per Watt Benchmark — South Dakota

South Dakota Average

$2.80/W

National Average

$3.05/W

Typical 7kW System

$19,600

$2.00/W $3.50/W $5.00/W

South Dakota's average installed cost is below the national average of $3.05/W

Breakeven Timeline

Without the federal ITC, a typical 7kW system in South Dakota breaks even in 13.5 years. With the former 30% ITC, payback would drop to 9.4 years.

Without Federal ITC

13.5

years to break even

With Former 30% ITC

9.4

years to break even

Production Details

Peak Sun Hours4.1 hrs/day
Production1152 kWh/kW/yr
Annual Production$8,066 kWh
Annual Savings$1,452

Ready to Go Solar in South Dakota?

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