Can You Get Paid by FPL For Solar?
Are you getting your heart (and bank account) broken by Florida Power & Light (FPL)? Installing a solar power system could be the sign you’ve been waiting for. Solar Bear of Tampa explains what going solar could mean for FPL customers and how to get started.
Breaking up is never easy. Just ask Jennifer Aniston and Brad Pitt. But, if you are tired of depending on one of Florida’s utility giants, consider adding a solar power system to your home. To get started, have our team perform a complimentary energy audit that will assess your home and its electrical needs. We will also review additional variables like your monthly electricity usage, shading or other obstacles, roof direction, and location so we can determine the best solar panel setup for your home. Once setup and installation are complete, you are on your way to a bevy of financial incentives.
FPL offers a full retail net metering program for those that add solar to their home through a grid-tied system. After applying for this program and receiving approval, FPL will install a bi-directional meter at your home. This meter will track the electricity sent and taken from the grid. Any excess electricity will be sold to FPL’s grid and either deducted from your monthly bill or credited toward a future bill. In this program, every kilowatt-hour (kWh) of solar energy produced is worth the same amount that a utility company charges for electricity. For example, if FPL charges $0.05 per kWh for electricity, then every kWh of solar energy produced is also $0.05. While it is true that you can be paid by FPL for solar energy, it is important to note that the amount will not cover the entire electric bill. There is a $25 minimum bill requirement that cannot be offset, no matter how much solar energy was produced.
And if you really want to start the new year off with a bang, check out the annual true-up held every January. FPL’s net metering program examines and adjusts for differences between estimated and actual solar consumption and production. If you are carrying excess net metering credits at the time of the true-up, FPL will pay you roughly the average annual cost of generation per kWh before resetting the credit bank.
Don’t hide that FPL piggy bank just yet, your savings just started! If you are interested in learning more about solar energy for your home, speak with our team of experts at Solar Bear of Tampa. Call us at (727) 741-7442 or schedule your free estimate online today.