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FLAT Rate Structure

Solar ROI for Florida Power & Light (FPL) Customers

Florida Power & Light (FPL) charges an average of $13.8¢/kWh. A 7 kW solar system produces a $10,228 NPV over 25 years.

$12,495
Net System Cost
$10,228
25-Year NPV
9 years
Payback Period
$0.128/kWh
Solar LCOE

Florida Power & Light (FPL) Rate Structure

ParameterRate
Average residential rate$13.8¢/kWh
Rate structureFLAT
Export credit policy1:1 net metering at retail rate

Solar System Economics

A 7 kW solar system for a Florida Power & Light (FPL) customer costs $17,850 before incentives. The 30% federal ITC saves $5,355. The net out-of-pocket cost is $12,495.

At Florida Power & Light (FPL)'s $13.8¢/kWh average rate, the system saves $1,401 in year one, producing 10,150 kWh. The solar LCOE of $0.128/kWh is 7% below Florida Power & Light (FPL)'s current rate.

Battery Storage for Florida Power & Light (FPL) Customers

$8,400
Battery Net Cost
$0
Daily Arbitrage
$0
Annual Arbitrage
-$11,382
25-Year Battery NPV

Florida Power & Light (FPL) uses a flat rate structure without significant peak/off-peak spread. Battery value comes primarily from backup power and net metering optimization rather than TOU arbitrage.

FAQ: Solar for Florida Power & Light (FPL) Customers

How much can Florida Power & Light (FPL) customers save with solar?
A typical 7 kW solar system saves Florida Power & Light (FPL) customers approximately $1,401/year in electricity costs. Over 25 years, the NPV of savings after system costs is $10,228.
What is Florida Power & Light (FPL)'s rate structure?
Florida Power & Light (FPL) uses a flat rate structure at an average of $13.8¢/kWh. Without a large peak/off-peak spread, battery storage value comes primarily from backup power and net metering optimization.
Does Florida Power & Light (FPL) offer net metering?
1:1 net metering at retail rate
Should Florida Power & Light (FPL) customers add battery storage?
Battery storage for Florida Power & Light (FPL) customers has a 25-year NPV of -$11,382. The economics are marginal based on TOU savings alone, but backup power value and future grid services programs may change the equation.

Other Utilities in Florida

Tampa Electric (TECO)
$14.8¢/kWh · FLAT
›
Duke Energy Florida
$14.2¢/kWh · FLAT
›

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