Southern Indiana R E C and solar
Southern Indiana R E C is an electric cooperative serving about 8,957 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.)
- 16.4¢3% below Indiana average
- Typical bill
- $1671,017 kWh a month
- Exports credited
- ~33%Reduced export credit
- Typical payback
- 17.1 yrs4.6 kW, cash
Export rules for Southern Indiana R E C 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 Southern Indiana R E C home
| System | 4.6 kW (50% of 1,017 kWh/month) |
|---|---|
| Cost | $15,230 |
| First-year savings | $825 |
| Payback | 17.1 years |
| 25-year net | $9,891 |
Uses the utility's average price.
Solar adoption
- Homes with solar (2025)
- 55
- Share of customers
- 0.6%
- Residential solar capacity
- 1 MW
- Residential customers
- 8,957
EIA-861, 2025.
Questions about Southern Indiana R E C and solar
Does Southern Indiana R E C have net metering?
Southern Indiana R E C 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 Southern Indiana R E C?
Residential customers paid an average of 15.5¢ per kWh in 2025 (EIA), about 16.4¢ adjusted to 2026. The typical home uses 1,017 kWh a month, a bill of about $167.
Is solar worth it with Southern Indiana R E C?
For a typical customer, solar is not worth it: a 4.6 kW system costing about $15,230 pays back in about 17.1 years, with $9,891 net over 25 years.
How many Southern Indiana R E C customers have solar?
About 55 homes had net-metered solar at the end of 2025, roughly 0.6% of residential customers (EIA-861).
Legal name: Southern Indiana R E C, Inc (EIA ID 19445). Data: EIA-861 2025 and monthly data through 2026, state policy research October 2026.