Electricity Rates in Vermillion, SD

The average residential electricity rate in Vermillion is $0.12 per kilowatt-hour (kWh), which is 25% below the national average of $0.16/kWh. The average monthly electric bill for Vermillion homeowners is approximately $97.

With solar panels, Vermillion homeowners can reduce their electricity costs by approximately 76%, saving around $74 per month or $24,000 over 25 years. The 30% federal tax credit further reduces the upfront cost of going solar.

The major electric utilities serving the Vermillion area include Xcel Energy, Black Hills Energy, East River Electric. Rates vary between providers, so your exact cost depends on your utility and usage level.

Yes, electricity rates in Vermillion and across South Dakota have been increasing, following national trends of 2-5% annual increases. This makes solar panels an increasingly attractive option since they lock in your energy costs for 25+ years.