In March 2020, Florida Power & Light Company got approval from the Florida Public Service Commission to launch FPL SolarTogether, the largest community solar program in the country at the time of launch. Under the plan, FPL will install 1,490 megawatts of solar at 20 new solar power plants across FPL’s service territory, with projected long-term savings of $249 million. The program will reduce the company’s fuel costs and generate $249 million in net cost savings for participants and customers. Specifically, FPL customers are expected to save about $112 million over the life of the solar plants.
As part of a settlement agreement, the program reserves 37.5 MW for low-income customers who will receive a net bill credit of 70 cents per kW over a 30-year period (for a 5 kW subscription share, the customer would receive a monthly net credit of $3.50, which would amount to $1,260 over the life of the program). Depending on the average subscription share, the program could serve as many as 10,000 low-income customers in FPL territory.