FPL Net Metering Explained: How Florida Solar Credits Work

FPL Net Metering Explained: How Florida Solar Credits Work

Net metering is one of the most important financial benefits of going solar in Florida. Under FPL's net metering program, your solar system's excess production is sent back to the grid, and you receive bill credits that offset future electricity consumption.

How FPL Net Metering Works

When your solar system produces more electricity than your home is consuming, the excess flows back to the grid. FPL credits your account at the full retail rate of electricity — currently approximately $0.12 to $0.14 per kilowatt-hour. These credits offset the electricity you draw from the grid when your panels are not producing.

Monthly vs Annual True-Up

FPL uses a monthly netting approach with an annual true-up in November. Each month, your bill reflects the net of what you consumed minus what you sent to the grid. At the annual true-up, any remaining excess credits are paid out at a wholesale rate of approximately $0.03 to $0.04 per kWh — significantly less than the retail rate.

How to Maximize Your Net Metering Value

• Right-size your system: Design your system to produce approximately 100% of your annual consumption

• Shift consumption to daytime: Run dishwashers, laundry, and EV charging during peak solar hours (10am-3pm)

• Add battery storage: Store excess daytime production for evening use instead of sending it to the grid

• Monitor your production: Use your inverter's monitoring app to track daily production

Get a Free Solar Savings Analysis

Palm Beach Solar will analyze your FPL bills and design a system that maximizes your net metering value and overall return on investment. Contact us at (561) 220-7753 for a free consultation.