Which solar rate is right for you?
We offer two rate choices for members who own solar generation. One gives you credit on your electricity bill for excess energy produced and the other does not.
Distributed Generation: If you wish to receive credit for excess energy produced, you will need to select the Distributed Generation rate. This rate differs from the standard residential rate in that it has a $57.50 monthly facility fee (versus $25/month for the standard rate) and a flat energy rate of 7.78 cents plus adjustments per kWh (versus 10.87 cents plus adjustments for less than 500 kWh and 8.97 cents plus adjustments for more than 500 kWh). You must request this rate and remain on it for a minimum of 12 months.
Standard: If you elect to remain on the standard rate, you will be charged the same facility fee and energy charges that you are currently. However, you will not be credited for any excess energy produced by your system that is not used in the home. Typically, a solar installation will produce most of its energy at a time of day when the home’s load is not very high. This could result in a major loss of energy production.
You can see the difference between the two rates in the following real-life examples from our members.
Residential Energy Charges once enrolled in the Solar Rate
All kWh = $0.069847/kWh
Service Charge: $58.65
Example of Residential Distributed Generation Rate
Most homes have a single-phase service and with average monthly demand of fewer than 500 kwh (kilowatt-hours) The below estimation is an example of one home with one meter. The table below illustrates how residential bills are calculated. This example is based on one month where 1000 kWh were used, and 100kWh were generated by solar panels.
Therefore, only 900kWh are billed.
|Small Power Distributed Generation (Solar)
(Rate Schedule 201)
|Power Cost Adjustment (PCA)||-$0.002647||-$2.38|
|Indiana State Tax||7%||$9.73|
Residential Energy Charges:
1-500 kWh = $0.111231/kWh
Over 500 kWh = $0.092497/kWh
Service Charge: $25.00
Example of Residential Rates
Standard residential rates have a lower service charge, but do not take in to account metered solar production. The below estimation is an example of one home with one meter. The table below illustrates how residential bills are calculated. This example is also based on one month where 1000 kwh (kilowatt hours) were used, but with no solar billing offset.
|Single phase Residential
(Rate schedule 101)
|Energy charge for first||500||kWh||$0.111231||$55.62|
|Energy charge for remaining||500||kWh||$0.092497||$46.25|
|Power Cost Adjustment (PCA)||-$0.002647||-$2.65|
|Indiana State Tax||7%||$10.24|
Need more help deciding which solar rate to choose?
Watch this video for even more information to help you decide. You can also browse the solar energy rates FAQs or contact us.