You can choose one or more shares based on your preference. Currently, each subscription includes a 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.
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.
In lieu of a monthly fee, customers now have the option to pay a one-time, 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 credits to another LG&E or KU customer (e.g. family, friend, or local school, church or organization). LG&E and KU will send customers an invoice for their one-time charge, and their shares will not be guaranteed until the Company has received payment in full. Once a customer “gifts” a subscription to another customer, those shares cannot be transferred in any way or refunded.
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. The Advanced Meter must be accessible for monthly reads.
This tab contains highlights of the program requirements. For the full terms and conditions of the program, please visit our tariff information below on Sheet Nos. 72-72.3