Each 250-watt share of solar is currently estimated to produce between 18 and 38 kilowatt-hours of energy per month, depending on factors like weather conditions and time of year. A typical residential household uses approximately 1,100 kilowatt-hours of electricity each month.
Participating customers must have an Advanced Meter installed at their premises. LG&E and KU will install those meters at no additional cost.
Customers who subscribe 50 kW (200 shares) or more will be required to sign a five-year contract before their subscription is guaranteed. A customer cannot subscribe to more than 250 kW (1,000 shares) in a single solar array or 500 kW (2,000 shares) in total.
You can choose one or more shares based on your preference. There are currently two types of subscriptions, monthly and one-time.
Monthly fee of $5.55, per share of solar, with no start-up costs. The monthly fee is subject to change prospectively during the subscription period but would only do so if approved by the Kentucky Public Service Commission.
The monthly payment structure requires a 12-month commitment from the date the solar charges appear on a customer's bill. If a customer leaves the program before the end of the 12-month period, the customer must pay the remainder of the monthly fees left to complete the original 12-month subscription. If a customer increases their number of shares during the original 12-month period, the 12-month commitment begins again at month one.
If a customer moves within the same service territory, their shares may be transferred to the new premise provided the customer notifies LG&E and KU of the transfer within 60 days of their move. If the customer does not transfer the shares within 60 days, the customer will be de-enrolled from the program.
One-time fee non-refundable Solar Capacity Charge of $799 per share which covers the cost of that share for 25 years. This option is ideal for customers who don’t want an ongoing monthly payment or for customers who want to “gift” their solar credits1 to another in the same territory (LG&E or KU customer, e.g. family, friend, or local school, church or organization). LG&E and KU will send one-time customers an invoice for their one-time charge, and their shares will not be guaranteed until the Company has received payment in full.
1 After the array section that contains subscribed shares begins to produce energy, start receiving credits. Credits are also referenced as the following: Bill Credits, Solar Energy Credits, and Solar Energy Offsets.