Solar Guide for Southern Indiana R E C, Inc Customers
15.73¢/kWh · Reduced Rate · Est. $1,640/yr savings with 8kW solar
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Going Solar with Southern Indiana R E C, Inc
If you're a Southern Indiana R E C, Inc customer considering solar energy, you're making a smart financial decision. With residential electricity rates averaging 15.73 cents per kWh, solar panels can dramatically reduce or even eliminate your monthly electric bill. The typical Southern Indiana R E C, Inc customer spends approximately $126 per month on electricity — money that could be working for you instead of going to the utility.
Indiana service area
Southern Indiana R E C, Inc has a reduced rate net metering policy. While the buyback rate of 11.01¢/kWh is lower than the 15.73¢/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 Southern Indiana R E C, Inc 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 $1,640 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 Southern Indiana R E C, Inc customers are estimated at $41,000 — and that's without accounting for the likely 2-3% annual increase in electricity rates that would make your savings even greater.
Southern Indiana R E C, Inc Solar FAQ
Does Southern Indiana R E C, Inc offer net metering for solar?▼
Southern Indiana R E C, Inc has a reduced rate net metering policy. Solar customers receive buyback credits at approximately 11.01¢/kWh for excess energy — lower than the 15.73¢/kWh retail rate, but solar remains highly economical.
What is Southern Indiana R E C, Inc's electricity rate?▼
Southern Indiana R E C, Inc's average residential electricity rate is 15.73¢ per kWh. This is near the national average of approximately 16¢/kWh. Solar can still provide meaningful savings at this rate.
How much can Southern Indiana R E C, Inc customers save with solar?▼
A typical Southern Indiana R E C, Inc customer with an 8kW solar system can save approximately $1,640 per year on electricity. Over 25 years, total savings are estimated at $41,000. The exact amount depends on your electricity usage, system size, and roof orientation.
What size solar system do Southern Indiana R E C, Inc customers need?▼
Most Southern Indiana R E C, Inc 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 Southern Indiana R E C, Inc bill for your annual kWh usage.
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Southern Indiana R E C, Inc Quick Facts
- 💡 Rate: 15.73¢/kWh
- 📊 Net Metering: Reduced Rate
- 💵 Buyback Rate: 11.01¢/kWh
- 💰 Annual Savings (8kW): $1,640
- 📍 State: Indiana