Fpl Solar Buy Back «Updated × HOW-TO»

FPL Solar Buy Back: How Net Metering Works for Florida Homeowners

It is important to distinguish between and cash payments : fpl solar buy back

FPL will install a specialized meter that tracks power flowing in both directions. Current Status of Solar Rights in Florida FPL Solar Buy Back: How Net Metering Works

Net metering is the billing mechanism that allows you to send excess electricity back to the grid in exchange for credits. However, this is paid at the avoided cost

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

Your electric meter literally runs backward (or records the outflow). FPL gives you a 1-for-1 kilowatt-hour (kWh) credit on your bill for this power.