Electricity Rates in Lake preston, SD
Residents of Lake preston, SD benefit from relatively low electricity rates, averaging 11.0¢/kWh — 38.1% below the national average. Otter Tail Power Co serves the area.
Electricity Providers in Lake preston
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Otter Tail Power Co | 11.0¢/kWh | 7.0¢/kWh | Investor Owned |
Estimated Monthly Electric Bill
Based on the average residential rate of 11.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Lake preston
At 11.0¢/kWh, a typical Lake preston household spends approximately $1169.52/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 Lake preston
Charging an electric vehicle at home in Lake preston costs approximately $99.00/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 Lake preston, SD?
The average residential electricity rate in Lake preston, SD is 11.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $97.46 for a typical household.
Who provides electricity in Lake preston?
Lake preston is served by 1 electricity provider. Otter Tail Power Co is the largest provider in the area.
How do Lake preston electricity rates compare to the rest of South Dakota?
Lake preston's average rate of 11.0¢/kWh is 15.4% below the South Dakota state average of 13.0¢/kWh. Residents enjoy some of the lower rates in the state.