Have you heard of Florida Power & Light (FPL)’s SolarTogether program? While it seems like a great opportunity, homeowners who participate in these community solar programs are likely to have higher energy costs and higher monthly bills. Why else should you avoid them? Read on to find out!
What Is Community Solar?
There are two types of community solar programs: the traditional type allows people to purchase nor lease a “share” in a specific nearby solar installation. Energy credits obtained from the shared solar farm would work just like rooftop solar credits.
The other type of community solar program is one where energy companies pay to set up a solar energy farm and allow customers to opt in to use that clean energy. The customers don’t own a portion of the solar panels. This is how the FPL SolarTogether program is set up.
Who Benefits From Community Solar Programs?
With a traditional community solar program, homeowners directly benefit from the energy credits they receive. Unfortunately for Florida homeowners, community solar farms are not allowed.
FPL’s SolarTogether program is structured as a community solar program but homeowners must pay to participate. This means an additional fee will be tacked on to each monthly energy bill. In addition, homeowners could end up paying more for power at the beginning of the program. FPL says customers may start to see a return after seven years with an average credit being about $1 per month.
So essentially, the SolarTogether program is a guise for switching to clean energy – all it is doing is offsetting the cost of the solar panels on customers.
Is There A Better Option?
Homeowners who purchase their own rooftop solar panels get the most brank for their buck. Why? Tax credits offer immediate savings, special financing provides low monthly rates, and owning the panels means 25+ years of free energy. Learn more from our free online guide for homeowners and see why switching to solar is worth it in Florida!
Interested in how much you can save and what it would cost to make the switch? Request a free solar energy audit and let our experts analyze your home’s needs and calculate your total savings. Schedule online by clicking the button below!