SOUTH DAKOTA BUSINESS
South Dakota Is Getting Paid To Go Solar
South Dakota offers a generous 70% property tax exemption after the installation of the solar PV system and is said to be the best in the United States.
How the South Dakota Solar Incentive Works
Solar energy units can easily raise the worth of your building, and South Dakota has negated the increase in property tax because of the installation. In addition, you earn 70% exemption on the whole value of the property. This tax exemption varies for each case, so we recommend partnering with a solar developer to help with the process. They may even be some grants that they can find to help with the initial cost.
South Dakota, Go Solar with Sunvest
The 26% Federal Investment Tax Credit (ITC) will pair nicely with the generous property tax exemption giving you an over all savings on your solar investment. While South Dakota does not require net metering benefits, there are private utilities that have opted to offer it to their customers to encourage solar usage. They do have a state-wide interconnection standard which means it’s important to partner with a solar developer who is familiar with the South Dakota solar processes and requirements.