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To participate in the buy-back program, homeowners must meet specific criteria:
When the sun goes down, you pull power from the grid as usual, but you use your earned credits first before being charged. The "Buy Back" Rate
Net metering is the billing mechanism that allows you to send excess electricity back to the grid in exchange for credits.
You must submit an application and sign a formal agreement with FPL. Tier Categories:
In 2022, a bill (HB 741) attempted to phase out 1-for-1 net metering in favor of lower buy-back rates. However, Governor Ron DeSantis vetoed the bill, citing the rising cost of living. For now, in Florida, making solar a financially viable investment for FPL customers.
At the end of each calendar year, if you still have unused credits, FPL "buys them back" in cash. However, this is paid at the avoided cost rate (the wholesale price FPL would have paid to buy fuel for their own plants), which is significantly lower than the retail rate you pay for power. Key Requirements for FPL Solar Customers
FPL will install a specialized meter that tracks power flowing in both directions. Current Status of Solar Rights in Florida
To participate in the buy-back program, homeowners must meet specific criteria:
When the sun goes down, you pull power from the grid as usual, but you use your earned credits first before being charged. The "Buy Back" Rate
Net metering is the billing mechanism that allows you to send excess electricity back to the grid in exchange for credits.
You must submit an application and sign a formal agreement with FPL. Tier Categories:
In 2022, a bill (HB 741) attempted to phase out 1-for-1 net metering in favor of lower buy-back rates. However, Governor Ron DeSantis vetoed the bill, citing the rising cost of living. For now, in Florida, making solar a financially viable investment for FPL customers.
At the end of each calendar year, if you still have unused credits, FPL "buys them back" in cash. However, this is paid at the avoided cost rate (the wholesale price FPL would have paid to buy fuel for their own plants), which is significantly lower than the retail rate you pay for power. Key Requirements for FPL Solar Customers
FPL will install a specialized meter that tracks power flowing in both directions. Current Status of Solar Rights in Florida