School fights to keep solar incentive; it’s why they installed it!
The Indiana General Assembly (Senate Bill 309) has corrected a provision in an earlier bill that would have eliminated an incentive used by the school in deciding to install solar panels.
The incentive allows for “net” metering. That is; if the solar panels generate more energy in some months than you use, you get a credit for those kilowatts (kWh). If you use more in the next month than the solar panels generate, you can draw from the stored kilowatts and net out the bill.
Changing that provision would mean that when the solar panels generate more energy than you can use; you sell them to the utility at the wholesale cost ($.03 /kWh) and when you need more you buy it at the retail cost ($0.11 /kWh).
In the case of Lebanon Community School eliminating the net metering would have cost the school $300,000 to $900,000 in just a few years.
Utilities across the country are trying to have net metering removed from their service requirement. However, changing the rules should NOT take place to punish those who invested and relied on the rule to continue.
Realgy Energy Services is a registered Retail Energy Marketer in the states of Illinois, Michigan and Indiana. We offer Service Plans that will provide electric and natural gas at wholesale pricing direct to customers without any utility markup. Our Service Plans work with the local utility to provide seamless service and annual energy savings. Service Plans include Guaranteed SavingsTM, ManagedPriceTM, ManagedGreenTM Index, Fixed and PriceAssuranceTM.