Electricity Rates in Hot springs, SD
Residents of Hot springs, SD benefit from relatively low electricity rates, averaging 15.0¢/kWh — 15.6% below the national average. The city is served by 2 electricity providers, with Black Hills Electric Coop, Inc being the largest.
Electricity Providers in Hot springs
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Black Hills Electric Coop, Inc | 15.0¢/kWh | 14.0¢/kWh | Cooperative |
| Black Hills Power, Inc. | 14.0¢/kWh | 13.0¢/kWh | Investor Owned |
Estimated Monthly Electric Bill
Based on the average residential rate of 15.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Hot springs
At 15.0¢/kWh, a typical Hot springs household spends approximately $1594.80/year on electricity. Solar panels could reduce this by 50–90%.
The federal solar tax credit covers 30% of installation costs through 2032.
EV Charging Costs in Hot springs
Charging an electric vehicle at home in Hot springs costs approximately $135.00/month at current rates, based on average driving habits (about 30 kWh per charge, charged daily). Compare to public charging prices at ChargeBuddy.ai.
Nearby Cities in South Dakota
Frequently Asked Questions
What is the average electricity rate in Hot springs, SD?
The average residential electricity rate in Hot springs, SD is 15.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $132.90 for a typical household.
Who provides electricity in Hot springs?
Hot springs is served by 2 electricity providers. Black Hills Electric Coop, Inc is the largest provider in the area, though rates and availability vary by specific address.
How do Hot springs electricity rates compare to the rest of South Dakota?
Hot springs's average rate of 15.0¢/kWh is 15.4% above the South Dakota state average of 13.0¢/kWh. Residents may benefit from exploring solar energy to offset higher electricity costs.