Kentucky Public Service Commission approves utilities’ Solar Share Program
LOUISVILLE, Ky. — With approval from the Kentucky Public Service Commission, Louisville Gas and Electric Company and Kentucky Utilities Company will soon begin accepting enrollments into the utilities’ new Solar Share Program.
Residential, business and industrial customers across the utilities’ service territories have the opportunity to share in local solar energy and receive credits on their monthly bill.
This type of program is ideal for customers who want to support local solar, but are unable to install it on their own property or would prefer to avoid the costs and maintenance required for a private system. It’s especially appealing for renters, those with properties predominantly in the shade and those who have deed restrictions.
“We’re excited to offer this new service to our customers interested in supporting more local solar in Kentucky,” said John P. Malloy, vice president of Customer Services. “We’re continually measuring and evaluating the programs and services we offer our customers to ensure we’re delivering best-in-class service, and this is another area where we’re growing to meet our customers’ interests.”
About the Solar Share Facility
LG&E and KU will build, own and operate the regional Solar Share Facility. Once constructed, the facility will generate energy that then helps power our community. Customers participating in Solar Share will receive a credit on their monthly bill for the amount of solar energy produced based on their subscription.
The 35-acre site is located near Conner Station Road in Shelby County along Interstate 64 in the KU service territory and near LG&E. While it’s large enough to accommodate a four-megawatt solar field, Solar Share will be built in 500-kilowatt sections based on customer interest.
Construction will begin once a 500-kilowatt section is 100 percent subscribed. Likewise, construction on the next section and those following will require 100 percent subscription before each section is built.
· Customers can subscribe on a first-come basis to shares of solar in 250 watts, also referred to as quarter-kilowatt increments.
· Customers can choose one share or more than one, based on their preference.
· Each subscription would include an initial, non-refundable subscription fee of $40, as well as a monthly fee of $6.29, per share of solar.
· Each 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 1,000 kilowatt-hours of electricity each month.
· The utilities launched a new Solar Share Calculator to compare various subscription levels.
LG&E and KU are maintaining a list of customers who express interest in the Solar Share Program. Interested customers should complete the online interest form.