Wall Panel: Lightening Bolt & Gas?

[Mosnowman]

I know this is a total newb question but here goes anyway! I just spent two hours searching the forum for the answer to no avail...

I have a panel located above the water pump switch panel and above the water monitor panel. It is a white panel with two switches and a red light in the middle between the switches....one switch has a lightening bolt by it the other is a propane drop. My question...

1. What is it for?
2. Should you have both switches on and why?
3. If the red light is on what does this mean?

I'm a newb so please explain in detail. Thanks!!!!