Electricity Rates in Olivet, SD
Residents of Olivet, SD benefit from relatively low electricity rates, averaging 12.0¢/kWh — 32.5% below the national average. Southeastern Electric Coop Inc - (SD) serves the area.
Electricity Providers in Olivet
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Southeastern Electric Coop Inc - (SD) | 12.0¢/kWh | 10.0¢/kWh | Cooperative |
Estimated Monthly Electric Bill
Based on the average residential rate of 12.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Olivet
At 12.0¢/kWh, a typical Olivet household spends approximately $1275.84/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 Olivet
Charging an electric vehicle at home in Olivet costs approximately $108.00/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 Olivet, SD?
The average residential electricity rate in Olivet, SD is 12.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $106.32 for a typical household.
Who provides electricity in Olivet?
Olivet is served by 1 electricity provider. Southeastern Electric Coop Inc - (SD) is the largest provider in the area.
How do Olivet electricity rates compare to the rest of South Dakota?
Olivet's average rate of 12.0¢/kWh is 7.7% below the South Dakota state average of 13.0¢/kWh. Residents enjoy some of the lower rates in the state.