Electricity Rates in Madison, SD
Residents of Madison, SD benefit from relatively low electricity rates, averaging 13.0¢/kWh — 26.9% below the national average. The city is served by 4 electricity providers, with City of Madison - (SD) being the largest.
Electricity Providers in Madison
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| City of Madison - (SD) | 11.0¢/kWh | 10.0¢/kWh | Municipal |
| Northern States Power Co - Minnesota | 14.0¢/kWh | 11.0¢/kWh | Investor Owned |
| Sioux Valley SW Elec Coop | 13.0¢/kWh | 16.0¢/kWh | Cooperative |
| Southeastern Electric Coop Inc - (SD) | 12.0¢/kWh | 10.0¢/kWh | Cooperative |
Estimated Monthly Electric Bill
Based on the average residential rate of 13.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Madison
At 13.0¢/kWh, a typical Madison household spends approximately $1382.16/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 Madison
Charging an electric vehicle at home in Madison costs approximately $117.00/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 Madison, SD?
The average residential electricity rate in Madison, SD is 13.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $115.18 for a typical household.
Who provides electricity in Madison?
Madison is served by 4 electricity providers. City of Madison - (SD) is the largest provider in the area, though rates and availability vary by specific address.
How do Madison electricity rates compare to the rest of South Dakota?
Madison's average rate of 13.0¢/kWh is close to the South Dakota state average of 13.0¢/kWh. Rates are typical for the region.