FPL rates: low, and rising slowly
Florida Power & Light's average residential electricity price has risen from 10.65 cents per kWh in 2015 to 14.62 cents in 2025, an increase of about 37 percent, or roughly 3.2 percent per year. The chart shows FPL's average residential price by year. Hover any point for the exact figure.
A year in the life of an FPL solar credit
- Sunny months
Your system overproduces. Excess kWh bank one for one in your credit account instead of being sold at a discount.
- Cloudy months
You draw the banked kWh back at full retail value, offsetting power you would otherwise buy.
- December read
Whatever is still left in the bank cashes out, but at FPL's average annual generation cost, a wholesale style rate well below retail. Oversizing a system banks credits that eventually get paid at the low rate.
Current residential rates
FPL residential rates are shown below, from the utility's published tariffs and the public Utility Rate Database. Rates vary by plan, season, and usage and change over time.
| Plan | Energy charge | Fixed / basic |
|---|---|---|
| Residential Service RS-1 (standard), effective January 2026 | 12.258 cents/kWh volumetric (base energy 7.865 + fuel 2.893 + storm protection 0.995 + environmental 0.345 + conservation 0.148 + capacity 0.052 - transition credit 0.040), for the first 1,000 kWh; ~13.31 cents/kWh all-in at 1,000 kWh including the base charge | $10.52/month base charge (minimum $30/month base bill) |
| Residential Service RS-1, usage above 1,000 kWh/month (inclining block), effective January 2026 | ~13.258 cents/kWh volumetric for kWh over 1,000 (base energy steps to 8.865 and fuel to 3.893; other riders unchanged) | included in the same $10.52/month RS-1 base charge |
| Residential Time-of-Use Rider RTR-1, effective January 2026 | Time-of-use rider applied on top of RS-1: on-peak base energy adder +14.410 cents/kWh and off-peak -6.157 cents/kWh (plus on-peak fuel +0.226 / off-peak -0.098), so on-peak runs well above and off-peak well below the flat RS-1 rate | $10.52/month base charge (same as RS-1) |
Rates are from FPL's official PSC-approved residential rate insert effective January 2026 (res-eff-jan-2026.pdf), approved by the Florida PSC in Docket Nos. 20250011-EI, 20210015-EI, 20250001-EI, 20250002-EG, 20250007-EI, and 20250010-EI. The RS-1 all-in effective rate of ~13.31 cents/kWh at 1,000 kWh (a $133.10 bill) is slightly below the 2024 EIA average of 13.71 cents/kWh, reflecting lower 2026 fuel charges. Rates use an inclining-block structure (higher per-kWh price above 1,000 kWh/month).
One for one netting, still intact
FPL offers true net metering under Florida's PSC rules. Solar you export to the grid earns a one-for-one kWh credit: each excess kilowatt-hour banks in your account and offsets a kilowatt-hour you would otherwise buy at the full retail rate in a later month, so exported energy is effectively worth the same as energy you consume. Monthly excess credits roll forward in a kWh bank. Only any leftover kWh credits remaining when your December meter is read are cashed out, and those are paid at FPL's average annual cost of electricity generation (an avoided-cost/wholesale rate, lower than retail), not at retail. Residential systems are sized to your needs and net metering applies up to 2 MW (Tier 1: 0-10 kW, Tier 2: 10-100 kW, Tier 3: 100 kW-2 MW). Florida preserved this retail-rate framework after Governor DeSantis vetoed SB 1024 in April 2022, which would have phased net metering down toward avoided cost; because the bill was vetoed it never took effect, so no statewide rollback or post-2024 declining export rate is in force for FPL.
Great export terms, cheap power
FPL's export terms are about as good as the country still offers: one for one netting with monthly rollover, preserved when the 2022 rollback bill was vetoed. Nothing about the credit structure punishes solar here.
What tempers the case is the price being offset. FPL's average residential rate is around 14.6 cents, roughly a third of what San Diego pays, so each solar kWh saves less and payback stretches. The December true-up also pays leftover surplus at a wholesale style rate, so the winning move is sizing to your annual usage, not beyond it. Get a site-specific quote.
What rising FPL rates could cost you
FPL rates have risen about 3.2% per year. Enter your bill to see what that pace of increase could compound to over time, and what you have likely already absorbed. This is an estimate, not a guarantee.
Estimate only. Projects your current bill forward at FPL's historical average rate increase (3.2% per year, from EIA data); it assumes your usage stays the same except for any add-ons you select. Actual rates depend on your usage, rate plan, and the utility's future filings, and are not guaranteed. This is general information, not financial advice.
FPL service area
FPL serves South and southeastern Florida plus the Gulf Coast and Northwest Florida (Panhandle, via the former Gulf Power territory). Major cities served include Miami, Fort Lauderdale, West Palm Beach, Fort Myers, Sarasota, Daytona Beach, and Pensacola..
To confirm whether a specific address is served by FPL, check your electricity bill. A ZIP lookup tool is coming to this site.
Full data and sources
Per-utility prices are computed from EIA Form 861 (bundled residential revenue divided by sales), which reconciles to the EIA's published figures. These are public-domain U.S. government data.
| Year | FPL (c/kWh) |
|---|---|
| 2015 | 10.65 |
| 2016 | 10.17 |
| 2017 | 11.2 |
| 2018 | 10.83 |
| 2019 | 11.03 |
| 2020 | 10.44 |
| 2021 | 11.23 |
| 2022 | 13.46 |
| 2023 | 15.01 |
| 2024 | 13.71 |
| 2025 | 14.62 |
Sources: EIA-861 2024 Sales to Ultimate Customers (Sales_Ult_Cust, bundled residential, utility #6452 FPL) · EIA Table 6 - 2024 Utility Bundled Retail Sales, Residential (reconciliation, FPL 13.71 cents/kWh, 5,236,277 customers) · EIA Electric Sales, Revenue, and Average Price (Form 861 data hub) · FPL official Residential Rates and Clauses, effective January 2026 (RS-1 / RTR-1 tariff insert) · FPL Rates and Your Bill · FPL official Net Metering FAQ (kWh credit, December annual settlement at average generation cost, tier sizes) · EnergySage - FPL Net Metering 2026 (full retail-rate credit confirmation) · Florida Politics - Gov. DeSantis vetoes net metering bill (SB 1024), April 2022 · Florida Power & Light - Wikipedia (service area, customer count context)
FAQ
Does FPL have real net metering?
Yes. Under Florida PSC rules FPL credits exported solar one for one: each excess kWh banks in your account and offsets a retail kWh later. Monthly surpluses roll forward automatically.
What happens to unused FPL solar credits at year end?
When your December meter is read, leftover kWh credits are cashed out at FPL's average annual cost of generation, a wholesale style rate well below retail. Everything you managed to use during the year was worth full retail.
Did Florida end net metering?
No. SB 1024, which would have phased exports down toward avoided cost, was vetoed in April 2022 and never took effect. No statewide rollback or declining export rate is in force for FPL.
How big a system should I get in FPL territory?
Sized to your annual usage. Net metering applies up to 2 MW in tiers, but overproduction beyond your own consumption ends up paid at the low year end rate, so bigger is not automatically better. Get quotes based on your actual bills.