Advancing solar in Florida

 

SolarTogether, an FPL Shared Solar Program, allows customers to share in the benefits and costs of universal solar while receiving monthly bill credits on their FPL bill.

*We are developing our shared solar program for all FPL customers.  At this time, we are pre-registering our largest energy users. This will help us size the program appropriately and provide an opportunity for customers of all types – whether residential, small business, governmental, commercial industrial - to participate.  All numbers are preliminary estimates.

Reduce your energy costs while achieving your sustainability goals

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Benefits

  • Offset up to 100 percent of your energy usage (subject to availability)
  • Renewable Energy Credits (RECs) are retired on your behalf
  • Receive bill credits immediately
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Economics

  • Simple payback between 5-7 years
  • Fixed monthly subscription rate
  • Escalating bill credits
  • No maintenance, operational or insurance costs
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Terms

  • No upfront cost
  • No long term contract
  • Subscription is transferable to another store or location
  • Subscription cannot be sold or transferred to another customer

How the program works

  1. Determine your subscription share by selecting the amount of energy you wish to offset – up to 100%
  2. Calculate your monthly subscription cost based on the fixed subscription rate of $6.76/kW multiplied by your subscription share
  3. Estimate your monthly subscription credit based on your subscription share multiplied by the amount of solar energy produced multiplied by the subscription credit rate

 

100 kW subscription example

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Shared Solar Subscription

100 kW subscription share

x $6.76/kW fixed subscription rate

______________

 

Your Monthly Subscription Cost

$676

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Solar Energy Produced

212 hrs per month

x 100 kW subscription share

______________

 

21,200 kWh solar energy

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Subscription Credit

21,200 kWh solar energy produced

x $0.0308/kWh subscription credit rate

______________

 

Your Monthly Bill Credit

$653

 

That means you get solar energy for just $23 for the month!*

* Illustrative examples presented here for demonstrative purposes only, program charges and credits will be established per the Florida PSC approval tariff.

And over time, the annual benefits are forecasted to exceed the costs.

 

 

Estimated Annual Bill Impact

100 kW Subscription Example

 

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The graph above shows the estimated bill impact over a ten-year period for a 100 kW subscription example. While the annual subscription cost remains the same year after year, due to the fixed nature of the subscription rate, the annual subscription credit grows annually. In the first year of a 100 kW subscription, program participation would cost approximately $275, which is the difference between the subscription cost of $8,112 and the credit of $7,837. By year five, the annual subscription remains $8,112 and the credit grows to $8,202, so the credit exceeds subscription cost by $90. By year ten, the cost of the subscription is still $8,112 and the credit is now $8,683 for the year, increasing the credit difference by $570. 

 

 

*We are developing our shared solar program for all FPL customers.  At this time, we are pre-registering our largest energy users. This will help us size the program appropriately and provide an opportunity for customers of all types – whether residential, small business, governmental, commercial industrial - to participate.  All numbers are preliminary estimates.