Solar Guide for South Central Indiana REMC Customers
17.73¢/kWh · Reduced Rate · Est. $1,848/yr savings with 8kW solar
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Going Solar with South Central Indiana REMC
If you're a South Central Indiana REMC customer considering solar energy, you're making a smart financial decision. With residential electricity rates averaging 17.73 cents per kWh, solar panels can dramatically reduce or even eliminate your monthly electric bill. The typical South Central Indiana REMC customer spends approximately $142 per month on electricity — money that could be working for you instead of going to the utility.
Indiana service area
South Central Indiana REMC has a reduced rate net metering policy. While the buyback rate of 12.41¢/kWh is lower than the 17.73¢/kWh retail rate, solar remains highly economical. The key is to size your system to match your daytime consumption as closely as possible, maximizing direct savings at the retail rate. Any excess generation still earns you credits, just at the reduced buyback rate.
An 8kW solar system for a South Central Indiana REMC customer costs approximately $22,560 before the 30% federal Investment Tax Credit. After the ITC, your net cost drops to about $15,792. This system produces enough clean energy to save you approximately $1,848 per year, resulting in a payback period of roughly 7.9 years.
After your system pays for itself, you'll enjoy 13+ years of dramatically reduced electricity costs. Over a 25-year period, total savings for South Central Indiana REMC customers are estimated at $46,200 — and that's without accounting for the likely 2-3% annual increase in electricity rates that would make your savings even greater.
South Central Indiana REMC Solar FAQ
Does South Central Indiana REMC offer net metering for solar?▼
South Central Indiana REMC has a reduced rate net metering policy. Solar customers receive buyback credits at approximately 12.41¢/kWh for excess energy — lower than the 17.73¢/kWh retail rate, but solar remains highly economical.
What is South Central Indiana REMC's electricity rate?▼
South Central Indiana REMC's average residential electricity rate is 17.73¢ per kWh. This is above the national average of approximately 16¢/kWh. Higher rates mean greater savings with solar.
How much can South Central Indiana REMC customers save with solar?▼
A typical South Central Indiana REMC customer with an 8kW solar system can save approximately $1,848 per year on electricity. Over 25 years, total savings are estimated at $46,200. The exact amount depends on your electricity usage, system size, and roof orientation.
What size solar system do South Central Indiana REMC customers need?▼
Most South Central Indiana REMC customers need a 6-10kW solar system to offset their electricity usage. An 8kW system produces enough energy to cover the average household's needs. We recommend sizing your system based on your actual electricity consumption — check your South Central Indiana REMC bill for your annual kWh usage.
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South Central Indiana REMC Quick Facts
- 💡 Rate: 17.73¢/kWh
- 📊 Net Metering: Reduced Rate
- 💵 Buyback Rate: 12.41¢/kWh
- 💰 Annual Savings (8kW): $1,848
- 📍 State: Indiana