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.