Florida, the Sunshine State, has tremendous solar potential. But, so far, the state isn’t living up to that potential. While Florida has the third best physical and geographic conditions in the country for solar, it’s policies hold it down at 17th for installed solar capacity.
Florida does not have a renewable energy portfolio standard, which drives utility investment in other states. Additionally, state policy prohibits third-party owned systems. That means the solar leasing and power purchase agreements that have made solar boom among homeowners who can’t afford to buy solar systems outright in other states aren’t contributing to industry growth in Florida.
However, Florida does offer some solar power financial incentives. Florida Power and Light offers a solar rebate and all of the utilities governed by the state utilities commission offer net metering. Under the law they must credit customers for net excess generation in a month. If, over a 12 month period, they generate more power than they they use, the utility must pay them.