Southern Indiana Power is excited to introduce you to My Solar, a cooperative solar program. My Solar provides electricity through solar energy without any installation on your home or business. Members have access to easy, affordable solar power, no matter where you live.
Easy, affordable solar power. No matter where you live.
Rather than installing these solar panels on your home or business, Southern Indiana Power will keep and maintain your panels at one of our solar arrays. Participating members will see the change on their monthly electric bill, with each panel generating ≈450-500 kWhs annually.
Energy produced through My Solar will be clean and sustainable, helping you to reduce your personal carbon footprint in energy consumption.
Our remote solar arrays require no roof installation, providing you with a hassle-free way to access solar energy from your home or business.
My Solar provides inexpensive options for investing in renewable energy, while the upfront and ongoing costs of home installations remain high.
Easy, affordable solar power. No matter where you live. Share in the output from 10 solar arrays in southern Indiana.
Participating members at Southern Indiana Power can choose between a fixed monthly rate and a one-time upfront payment.
Participating members will be charged a fixed rate of [$0.01], on their monthly electric bill, for every kWh that is produced by their chosen amount of panels.
Participating members pay a one-time upfront payment of $500 (full panel) or $250 (half panel) to receive the production from a solar panel for 20 years. It is then credited at 5.5 cents per kWh on their monthly bill.
Hoosier Energy’s solar program consists of ten 1MW solar arrays placed along highly visible roadways across member service territories. Collectively, the solar sites will provide approximately 2,000,000 kilowatt-hours (kWh) of energy annually for the 300,000 consumers served by Hoosier Energy’s 18-member distribution cooperatives.
The New Castle solar site was the first of our cooperative’s ten 1MW arrays to be constructed in southern Indiana. These 10 solar sites generate enough combined electricity to power approximately 1,500 homes throughout our cooperative’s service territory. Start the video to the left to view a time-lapse video of the four-month construction process in New Castle, Ind.
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 ≈450 – 500 kWh.
Through the MySolar program, the limit of shares a member can purchase is 12 panels per meter.
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 prevent 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 for 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 450-500 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 20 years. If the remaining life expectancy of the panel is less than 20 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.