City of Peru and solar
City of Peru is a municipal utility serving about 8,847 homes in Indiana. Here's what its rates and export rules mean for solar: for a typical customer, solar is not worth it.
- Average price (2026 est.)
- 14.1¢17% below Indiana average
- Typical bill
- $118838 kWh a month
- Exports credited
- ~39%Reduced export credit
- Typical payback
- 20.3 yrs3.8 kW, cash
Export rules for City of Peru customers
Reduced export credit (Indiana rule).
Indiana ended net metering for new customers in mid-2022. Under 'Excess Distributed Generation' (EDG) billing, solar you use at home offsets retail, but any electricity sent to the grid is credited at about 1.25 times the utility's wholesale energy price (AES Indiana: about 5.4 cents/kWh as of July 2026).
Solar for a typical City of Peru home
| System | 3.8 kW (50% of 838 kWh/month) |
|---|---|
| Cost | $13,190 |
| First-year savings | $594 |
| Payback | 20.3 years |
| 25-year net | $4,310 |
Uses the utility's average price.
Solar adoption
- Homes with solar (2025)
- 15
- Share of customers
- 0.2%
- Residential solar capacity
- 0 MW
- Residential customers
- 8,847
EIA-861, 2025.
Questions about City of Peru and solar
Does City of Peru have net metering?
City of Peru follows Indiana's rules: Indiana ended net metering for new customers in mid-2022. Under 'Excess Distributed Generation' (EDG) billing, solar you use at home offsets retail, but any electricity sent to the grid is credited at about 1.25 times the utility's wholesale energy price (AES Indiana: about 5.4 cents/kWh as of July 2026).
How much does electricity cost with City of Peru?
Residential customers paid an average of 13.3¢ per kWh in 2025 (EIA), about 14.1¢ adjusted to 2026. The typical home uses 838 kWh a month, a bill of about $118.
Is solar worth it with City of Peru?
For a typical customer, solar is not worth it: a 3.8 kW system costing about $13,190 pays back in about 20.3 years, with $4,310 net over 25 years.
How many City of Peru customers have solar?
About 15 homes had net-metered solar at the end of 2025, roughly 0.2% of residential customers (EIA-861).
Legal name: City of Peru - (IN) (EIA ID 14839). Data: EIA-861 2025 and monthly data through 2026, state policy research October 2026.