SUNBEAM INNOVATIONS
Florida maintains strong net metering laws that protect homeowners and guarantee fair compensation for solar production. If you use major utilities like Florida Power & Light (FPL), Duke Energy, or TECO, understanding net metering is vital to maximizing your savings.
During bright Florida afternoons, your system will likely generate more power than your home can consume. This excess electricity flows backwards through your meter into the grid. Your utility company credits you for this power at the 1:1 retail rate. You bank these credits during the day and use them to offset the power you draw from the grid at night.
Florida utilities operate on an annualized net metering cycle. If, at the end of your billing year (typically December), you have produced more electricity than you used across the entire 12 months, your utility company will issue you a check for the excess generation at the avoided-cost (wholesale) rate. While this payout is small, the primary benefit is utilizing the grid as a free, 100% efficient battery to wipe out your monthly bill.
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