FAQ
Shares
A solar share is equivalent to one solar panel’s output. The size of the panels varies between solar sites but averages 330 Watts. In a year, one share is expected to produce around 450 to 500 kWh.
Yes. The limit is 12 shares, which is equivalent to 12 panels.
No. You will continue to receive your monthly bill, but your bill will now show that a portion of your energy is produced by solar.
Equipment and Sustainability
No. The power generated by My Solar is distributed through the poles and wires that your electric cooperative has already built to service your home.
My Solar is a local power source, which allows the community to have more control over a portion of their power supply. Generating energy with solar power creates no pollution or carbon dioxide emissions, and is a clean, renewable, and sustainable alternative energy source.
My Solar sites are built and maintained at a central location by experts in the field. This eliminates common barriers — such as trees, roof size, and house location — that prevents our members from installing solar panels on their property. Further, all ongoing costs are included in the subscription rate, so there is no need to worry about unexpected costs popping up in the future!
Yes! Your electric cooperative has a 10% renewable energy goal by 2025. Currently, approximately 5% of your energy is generated by renewable resources such as wind and solar. By enrolling in the My Solar program, you are able to increase the amount of renewable energy you use at your home each month.
Each panel is expected to generate 450 to 500 kWh per year, but output varies with weather conditions. However, because we combine the output of 10 solar arrays across the state, we are better able to ensure consistent energy generation from your share.
Your price per share covers all operation and maintenance costs for the project.
The 10 one megawatt solar projects across southern Indiana that make up the My Solar program are all single axis tracking systems. This means that they follow the sun across the sky each day to maximize production. Compared to a solar system on your roof, these arrays are able to capture more sunlight and lower the cost of energy.
The My Solar community solar program combines the output of 10 solar projects located across southern Indiana. By combining the output of all 10 sites, we are better able to maximize and ensure consistent energy generation from your share.
Terms and Conditions
Under the upfront payment option, participating members receive energy output from the solar panel for 10 years. If the remaining life expectancy of the panel is less than 10 years, the upfront payment amount will be prorated and term of the agreement will be shortened.
There are no enrollment fees associated with the My Solar program.
My Solar has sought out and taken advantage of all available credits, rebates, and incentives in order to make the program as affordable as possible.
The My Solar program is only available to members of participating rural electric cooperatives.
If you move to another location within Southern Indiana Power service territory, your share can “move” with you! Verification of transfer by phone is sufficient (no transfer fee and no written notice needed). If you move out of the service territory, you have the following options: 1) Transfer your share to another member of your electric cooperative; or 2) Transfer your share as part of the sale or rental of your home. Member must notify Southern Indiana Power of such proposed assignment in writing at least 30 days prior to the proposed effective date of any such change or assignment. The assignee will be charged Southern Indiana Power’s standard transfer fee in effect at that time.
If the agreement is cancelled early due to relocation, then the options under “What happens if I move?” apply. If the agreement is cancelled early due to a different reason, contact your electric co-op for details on the terms and conditions.
Estimated Credit Per Month
| Quantity of Panels | Average kWh | Price/kWh/month | Credit | Panel Cost |
|---|---|---|---|---|
| 1 | 40 | $0.09934 | $3.97 | $500 |
| 2 | 80 | $0.09934 | $7.95 | $1,000 |
| 3 | 120 | $0.09934 | $11.92 | $1,500 |
| 4 | 160 | $0.09934 | $15.89 | $2,000 |
| 5 | 200 | $0.09934 | $19.87 | $2,500 |
| 6 | 240 | $0.09934 | $23.84 | $3,000 |
| 7 | 280 | $0.09934 | $27.82 | $3,500 |
| 8 | 320 | $0.09934 | $31.79 | $4,000 |
| 9 | 360 | $0.09934 | $35.76 | $4,500 |
| 10 | 400 | $0.09934 | $39.74 | $5,000 |
| 11 | 440 | $0.09934 | $43.71 | $5,500 |
| 12 | 480 | $0.09934 | $47.68 | $6,000 |
Remember this is only an estimate of the kWh.