Florida has very affordable electricity so the cost benefits of solar are minimal to start with. Current net metering in Florida is basically a reverse meter system so any savings are off the most expensive band of units first. For me that means the first 6,000-7,000KW per year would be worth around 12.5 cents per KW. With this net metering model solar is financially beneficial if you keep the cost per KW panel under $2 after rebates, and avoid paying excessive finance charges.
A new bill is currently passing through the Florida House that replaces net metering with a payment system that highly favors the power companies. Under the new proposals power companies will only have to pay customers the energy costs involved in power generation, which is around 2.5 cents per KW. So basically 20% of the compensation many customers currently receive. Any existing solar customers will be grandfathered into the old meter metering contract for ten years, which is not long enough to recoup the initial outlay for many customers. This change makes solar a complete none starter for new solar customers unless they purchase batteries and/or minimize the exportation to the grid.
We were scheduled for a solar install this month but I have delayed it for the time being. Instead of going with a system that can replace 95% of our needs I am reducing the system down to only generate what we can realistically consume between 9:00am and 4:00pm. Thankfully a good chunk of are usage can be scheduled in that time period, for instance the pool equipment used 9KW a day.
Anyone else in the process of or considering solar in Florida should think long and hard about getting solar.
A new bill is currently passing through the Florida House that replaces net metering with a payment system that highly favors the power companies. Under the new proposals power companies will only have to pay customers the energy costs involved in power generation, which is around 2.5 cents per KW. So basically 20% of the compensation many customers currently receive. Any existing solar customers will be grandfathered into the old meter metering contract for ten years, which is not long enough to recoup the initial outlay for many customers. This change makes solar a complete none starter for new solar customers unless they purchase batteries and/or minimize the exportation to the grid.
We were scheduled for a solar install this month but I have delayed it for the time being. Instead of going with a system that can replace 95% of our needs I am reducing the system down to only generate what we can realistically consume between 9:00am and 4:00pm. Thankfully a good chunk of are usage can be scheduled in that time period, for instance the pool equipment used 9KW a day.
Anyone else in the process of or considering solar in Florida should think long and hard about getting solar.
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