Top ten things to know about Boone REMC and Solar
There are two separate ways our members can participate in renewable energy:
Net-Metering of Solar Panels:
- The customer charge for net metering for solar panels is an additional $15 to cover the expense of a meter that tracks the generation of power and additional staffing needs to monitor each account.
- Most solar customers use Boone REMC as a backup power provider since Indiana is not an ideal state for solar or wind generation, which means they still use our equipment, personnel, and technology to keep the lights on in their homes. Because we are a cooperative and a not-for-profit, everyone must pay their part in order for the company to function.
- We try to work with our customers individually to find the best solution for their needs. We help them navigate the process of solar to make sure that the fit is right for them! We work with both customers and the solar panel provider.
- We currently have 21 net-metering customers with solar panels.
- Boone REMC is a leader in the state for Co-Op Solar. Currently, we are the third largest Co-Op Solar customer, despite having only 15,000 meters.
- The cooperative recently surpassed all previous sales of Co-Op Solar blocks in June. We have already sold an additional 20 more blocks in July. Co-Op Solar is $.44/per block costing a family $8-$12 more to cover their entire home per month.
- The Co-Op Solar program offers an affordable way for our members to support renewable energy without the costly fee of solar panel installation and maintenance.
- The latest Co-Op Solar facility was opened in LaOtto, Indiana. It is 1-megawatt and was dedicated in June.
General facts about solar:
- Both solar panel energy and Co-Op Solar are more costly than normal power because of the incurred cost of the technology and the inconsistency of the source.
- Boone REMC purchases electricity through Wabash Valley Power Alliance who continues to aggressively grow their renewable portfolio by adding additional solar and wind farms. Diversity is key to low-cost power, so while we support renewables, we continue to have a diverse portfolio in order to buy power on the market at the lowest price.