The annual cost of generation is substantially lower than the retail rate of electricity, usually between $0.02 and $0.03 per kWh for FPL. If you have any excess net metering credits at the time of your true-up, FPL will pay you out at the “average annual cost of generation” per kWh. The annual true-up adjusts for the differences between these estimated numbers and your actual consumption and production. Sometimes, utility companies will use estimated numbers for your usage and production, instead of what is actually on your meter. Annual true-upįPL’s net metering program has an annual true-up in January.
If you produced more electricity than you used from the grid, any excess net metering credits will carry over to the following month. These credits can then be used to offset the cost of electricity you use from the grid in the future.Īt the end of the month, FPL will net how much solar electricity you sent to the grid versus how much electricity you used from the grid to find your total bill. If your solar system produces more electricity than your home needs, the solar electricity will be sent to the grid, the bi-directional meter will spin backward, and you’ll receive a credit on your electric bill. The bi-directional meter tracks how much electricity you send and take from the grid, so you can be compensated for your solar energy. When you’re approved for FPL’s net metering program, FPL installs something called a bi-directional meter at your house. You can use our solar panel calculator to get a better idea of what size solar system is right for you.
The location of your home, the utility rate schedule you have, the direction of your roof, and shading are all factors that can influence your home’s system size. The actual system size you need will depend on more than just your monthly bill. *Estimated system size needed to cover monthly bill The following table outlines the average installation costs for different sized solar systems in Florida: Monthly bill
In order to cover a monthly electric bill of $100, you’d need to install around 5.82 kilowatts (kW) of solar in Florida, which would cost about $15,074 before the federal solar investment tax credit (ITC), and $11,155 after. The average homeowner in the Sunshine State can expect to pay about $2.59 per watt of solar installed. If you're looking to go solar, the first thing you probably want to know is "how much is it going to cost?". Show more How much does a solar system cost in Florida? Each question needs to be insightful and specific, not oversimplified and generalized. As someone who lives and votes in South Florida, you will create a list of six (6) questions in rank order of importance to you about FPL’s nuclear power operations. But Will It Survive A Changing IndustryĪ.
FPL has applied to the State of Florida’s Public Service Commission and to the Federal Nuclear Regulatory Commission to build two additional reactors on this site.Īfter reading your textbook’s section on how electricity is generated by nuclear fission (Chap. It is the largest electrical power generating station in Florida and the sixth largest in the United States. The Turkey Point nuclear power station was built in 1972 by Florida Power & Light Corporation on the shore of Biscayne Bay about 25 miles south of Downtown Miami.