City of Richmond and solar
City of Richmond is a municipal utility serving about 16,253 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.)
- 13.2¢22% below Indiana average
- Typical bill
- $126961 kWh a month
- Exports credited
- ~41%Reduced export credit
- Typical payback
- 21 yrs4.4 kW, cash
Export rules for City of Richmond 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 Richmond home
| System | 4.4 kW (50% of 961 kWh/month) |
|---|---|
| Cost | $14,720 |
| First-year savings | $643 |
| Payback | 21.0 years |
| 25-year net | $3,926 |
Uses the utility's average price.
Solar adoption
- Homes with solar (2025)
- 17
- Share of customers
- 0.1%
- Residential solar capacity
- 0 MW
- Residential customers
- 16,253
EIA-861, 2025.
Cities served
Questions about City of Richmond and solar
Does City of Richmond have net metering?
City of Richmond 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 Richmond?
Residential customers paid an average of 12.4¢ per kWh in 2025 (EIA), about 13.2¢ adjusted to 2026. The typical home uses 961 kWh a month, a bill of about $126.
Is solar worth it with City of Richmond?
For a typical customer, solar is not worth it: a 4.4 kW system costing about $14,720 pays back in about 21 years, with $3,926 net over 25 years.
How many City of Richmond customers have solar?
About 17 homes had net-metered solar at the end of 2025, roughly 0.1% of residential customers (EIA-861).
Legal name: City of Richmond - (IN) (EIA ID 15989). Data: EIA-861 2025 and monthly data through 2026, state policy research October 2026.