Solar Guide for Otter Tail Power Co Customers
11.38¢/kWh · Full Retail Rate · Est. $1,271/yr savings with 8kW solar
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Going Solar with Otter Tail Power Co
If you're a Otter Tail Power Co customer considering solar energy, you're making a smart financial decision. With residential electricity rates averaging 11.38 cents per kWh, solar panels can dramatically reduce or even eliminate your monthly electric bill. The typical Otter Tail Power Co customer spends approximately $91 per month on electricity — money that could be working for you instead of going to the utility.
North Dakota service area
Otter Tail Power Co has a full retail rate net metering policy. This is one of the best net metering structures available — you receive full retail rate credits of 11.38¢/kWh for every excess kilowatt-hour your solar system sends to the grid. This means your solar panels generate maximum value, as surplus energy produced during sunny afternoons offsets your evening and nighttime consumption at the same rate.
An 8kW solar system for a Otter Tail Power Co customer costs approximately $22,240 before the 30% federal Investment Tax Credit. After the ITC, your net cost drops to about $15,568. This system produces enough clean energy to save you approximately $1,271 per year, resulting in a payback period of roughly 10 years.
After your system pays for itself, you'll enjoy 12+ years of dramatically reduced electricity costs. Over a 25-year period, total savings for Otter Tail Power Co customers are estimated at $31,775 — and that's without accounting for the likely 2-3% annual increase in electricity rates that would make your savings even greater.
Otter Tail Power Co Solar FAQ
Does Otter Tail Power Co offer net metering for solar?▼
Otter Tail Power Co has a full retail rate net metering policy. Customers with solar panels receive credits at the full retail rate of 11.38¢/kWh for excess energy sent to the grid. This makes solar particularly attractive for Otter Tail Power Co customers.
What is Otter Tail Power Co's electricity rate?▼
Otter Tail Power Co's average residential electricity rate is 11.38¢ per kWh. This is below the national average of approximately 16¢/kWh. Solar can still provide meaningful savings at this rate.
How much can Otter Tail Power Co customers save with solar?▼
A typical Otter Tail Power Co customer with an 8kW solar system can save approximately $1,271 per year on electricity. Over 25 years, total savings are estimated at $31,775. The exact amount depends on your electricity usage, system size, and roof orientation.
What size solar system do Otter Tail Power Co customers need?▼
Most Otter Tail Power Co customers need a 6-10kW solar system to offset their electricity usage. An 8kW system produces enough energy to cover the average household's needs. We recommend sizing your system based on your actual electricity consumption — check your Otter Tail Power Co bill for your annual kWh usage.
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Otter Tail Power Co Quick Facts
- 💡 Rate: 11.38¢/kWh
- 📊 Net Metering: Full Retail Rate
- 💵 Buyback Rate: 7.97¢/kWh
- 💰 Annual Savings (8kW): $1,271
- 📍 State: North Dakota