About My Solar
My Solar is a community solar program from your local electric cooperative that allows consumers to tap into the power of the sun without installing or maintaining a system at your home. Instead, consumers are able to share in the output from 10 solar projects located around southern Indiana and can see the output each month on your electric bill. Consumers have the option of either paying a fixed monthly rate or an upfront payment to participate in the program.
Community solar is a simple and hassle free way to support renewable energy in your community.
Energy produced through My Solar will be clean, renewable, sustainable and environmentally responsible.
The remote solar array is installed and maintained by trained professionals so you don’t have to worry about it.
For just a few dollars per month, My Solar is an inexpensive way to begin investing in a sustainable future.
Fixed monthly rate
Consumers sign up for a share of the community solar project and will lock in a fixed rate of $0.01 / kWh for subscribed solar energy and will appear as a line item on the retail bill. One share is equivalent to the energy from one panel. Each consumer is limited to 12 panels (approximately 3 kW).
Output will be approximately 500 kWh / panel / year but will vary monthly as seasons change. There is not entry or exit fee for the program.
Consumers pay their local electric cooperative an upfront “My Solar” fee of $500 for a share of the community solar project. One share is equivalent to the energy from one panel for 20 years. One panel produces approximately 9,000 kWh over 20 years, which is equivalent to $0.055 / kWh pre-payment to your local cooperative.
Energy from the share is shown as a line item credit on the consumer’s monthly bill. The consumer will continue to pay normal distribution fees and trackers for all energy, including solar.
What is a community solar share equivalent to?
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 will produce ~450 – 500 kWh.
Is there a limit to the number of shares I can purchase?
Yes. The limit is 12 shares, which is equivalent to 12 panels.
If I subscribe to a share of My Solar, will I stop receiving my monthly bill?
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
Will any equipment be hooked up to my home?
No. The power generated by My Solar is transported through the poles and wires your electric cooperative has already built to service your home.
How will this help increase sustainability?
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.
How does My Solar compare to rooftop solar?
My Solar gives all members an opportunity to benefit from this clean energy source because it’s 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 prevent people 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!
Is any of the power I use now renewable?
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 signing up for the My Solar program, you’re able to increase the amount of renewable energy you use at your home each month.
Is energy production guaranteed?
No. The energy produced for each panel is expected to be about 500 kWh per year, but may be more or less than this in any given year depending on weather conditions. However, because we combine the output of 10 solar arrays across the state, we’re better able to ensure consistent energy from your share.
What about operations and maintenance?
Your price per share covers all operation and maintenance costs for the project.
Why do the panels move?
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.
Where is the solar array located?
The My Solar community solar program combines the output of 10 solar projects located across the state to maximize production of your solar share. By aggregating the solar sites, we’re able to better ensure your solar share is producing energy no matter if there’s a cloud in your area or not.
Terms and Conditions
How long is the term of the agreement?
The upfront payment option agreement lasts 20 years while the monthly option lasts for one year and can be easily renewed.
Are there any sign up or exit fees?
There are no sign-up or exit fees associated with the My Solar program.
Can I take advantage of any tax credits or other incentives to bring down the cost of a panel?
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. These cost reductions are included in the subscription rate.
Can anyone sign up for the My Solar program?
Only electric cooperative consumers may subscribe to panels.
What happens if I move?
If you move to another location within REMC service territory, your share can “move” with you! If you move out of the service territory, you have the following options:
- Transfer your share to another member of your electric cooperative.
- Transfer your share as part of the sale or rental of your home.
- Return your share back to your electric cooperative at no cost.
What if I cancel the agreement early?
If the agreement is cancelled early due to moving or death, then the options under “What happens if I move?” apply. If the agreement is cancelled early due to a different reason, then the subscription may be returned to Consolidated by paying an administrative fee of $50 per panel.