Does Florida Have Net Metering For Solar Panels

Net energy metering is one of florida s best solar programs.

Does florida have net metering for solar panels.

Florida has room for growth on solar. As solar grows it helps avoid the need to build expensive power plants making it a win win for. The payback period for fpl customers that install solar panels is longer than in some states largely due to the relatively low cost of power. Customers credits will be applied to their energy bill and fpl and will provide monetary compensation for any extra credits not used over the course of the year in january.

Florida net metering policies are pretty standard when compared to other states around the united states. The florida power and light net metering rate is currently around 10 5 cents per kwh. Here s how it works. Net metering is the sale of excess energy back to the utility during solar overproduction at noon when no one is home and the purchase of energy back from the utility during solar underproduction such as at night.

Florida allows for renewable energy systems of up to 2 megawatts mw of capacity to be connected with their state s nem infrastructure. Florida power and light s net metering program allows homeowners to install and connect solar energy systems to the grid and receive credit for the energy produced by their systems. In florida all of our major utilities support net metering. 2 not only does it offer electric companies a more sustainable source of power it gives you even more chances to save on your electricity bill.

Are solar panels worth it for fpl residential customers. There is no statewide rule establishing virtual net metering in florida and there are no community solar projects in the state. Fpl allows customers to install systems meeting up to 115 percent of their current energy need. If you re considering using solar panels to provide energy to your home or business you probably have questions about installation cost maintenance return and more.

There are fewer than 60 000 net metered systems in the state. Some utilities have proposed community solar projects in florida but as of 2019 there are no projects that have yet reached the market. Tampa electric 0 7 gulf power 0 5 and florida power light 0 35 also have growing solar contingencies. Duke energy has the highest rate of solar generated power use with 1 18 of customers net metering.

Invest in putting the sun s energy to work for you and enjoy ongoing savings. If your home solar system produces more energy than you need your utility will buy that surplus energy from you and pay you in the form of.