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
It is important to distinguish between and cash payments : fpl solar buy back
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. When the sun goes down, you pull power
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 For now, in Florida, making solar a financially