South Dakota Incentives

With the largest network of solar power experts, product dealers and installation specialists across North America, 123SolarPower has established itself as the go-to place for quality renewable energy solutions. The 123SolarPower team is dedicated to helping South Dakota residents gain access to affordable solar power. Our products are geared towards saving both money and the environment.

South Dakota Solar Power

South Dakota is a force to be reckoned with when it comes to implementing solar power initiatives. The state is already one of only 10 states that are currently actively reducing their carbon emissions by 10%, in concert with efforts from the Environmental Protection Agency to reduce emissions by an amount equivalent to taking 20 million cars off the roads.

South Dakota’s dedication to implementing renewable resources can be seen across a variety of fields. The government has even joined in on it, the state's historically renowned Ellsworth Air Force Base implemented a solar water heating system in 2011 to provide hot water for the soldiers of the 28th Civil Engineering Squadron.

State Tax Incentives

In addition to saving approximately $76 per month or $18,000+ over a span of 20 years, homeowners in South Dakota can also appease their wallets when installing solar power systems on their homes with state-based tax incentives.

First of all, homeowners who add solar panels South Dakota to their homes enjoy a 100% property tax exemption on the increased property value generated by a photovoltaic system. It means that if you decided to invest in your house and buy solar panels Sioux Falls for example, you will increase your house’s value and not pay additional taxes on that value increase.

In addition, property owners that install residential solar power South Dakota that produce 5 MW or less of electricity can qualify for a property tax incentive that exempts you from paying taxes on the system itself, for up to 70% of the value or $50,000 of property tax--whichever is higher.

Wherever you might live in South Dakota, you cannot miss the opportunity to enjoy these statewide incentives and start saving today! Solar panels Sioux Falls are becoming more and more popular and it is not unusual to see them on roofs around the city.

Federal Tax Incentives

Additionally, the federal government gives opportunities for South Dakota property owners to save money on their taxes when they install solar power systems.

Under the Energy Policy Act of 2005, property owners can claim up to 30% of their installation costs by filing IRS form 5695 along with their regular 1040 tax return. And if the 30% credit ends up higher than the amount owed to the federal government, that credit can roll over to be used against taxes the next year.

123SolarPower is your destination for solar power expert advice, solar panel sales, state incentive aid, and installation specialists in South Dakota. Our network of professionals will help you along the way to make sure that your solar panel installation South Dakota is the perfect investment for your home. To receive a free quote on installation costs and projected savings, please fill out our form and our nearest expert will be in touch with you shortly with a custom solution. Additionally, you can speak directly with one of our experts by calling 800-294-2397.

Frequently Asked Questions

When making any modifications to the home, questions always arise. In order to discern whether adding solar panels is a good idea for a given home, having answers to the most frequently asked questions can help. These answers can not only help a homeowner decide whether or not to install solar panels on their home, but they may also help to alleviate some fears and/or concerns that homeowners have about solar power.

Will solar panels benefit my home if I do not have constant access to the sun?

It is a myth that only sunny places like California and Hawaii can benefit from the installation of solar panels. While solar panels do generate more power in areas that have more access to the sun, there are solar panels that are capable of capitalizing on diffused solar rays. These are the kind of solar rays that fall on overcast days.

What incentives are available to me?

There are many incentives in place to help convince homeowners to install solar panels. For example there are tax credits at both the state and federal levels. While the tax credit value varies by state, to the credit ranges to upwards of 25% on installation up to $1,000. Furthermore, most solar power devices are sales tax exempt. The federal tax credit is 30% on installation with no limit. For more information about tax incentives in your state, call 800-294-2397 to speak with a solar consultant.

What is the difference between on the grid and off the grid?

On the grid refers to one still being attached to the electric grid and essentially creates a solar/electric hybrid system. Off the grid refers to relying solely on solar power as the home is completely disconnected from any electric grid.

While solar panels may be expensive to install, the long-term savings (both personally and as a member of society) really outweigh the upfront costs. Moreover, the tax breaks available (through 2016) can also help to recoup some of the costs.

Adding solar panels to your home can benefit you in many ways—including tax credits and a decrease in your electric bill. For more information, please complete the online form or call 800-294-2397.

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