Electricity Rates in Florida
Average residential electricity cost, utility comparison, and solar savings potential for Florida homeowners.
Florida Electricity Cost Overview
The average residential electricity rate in Florida is $0.14 per kWh, which is 12% below the national average of $0.16/kWh.Florida homeowners pay an average of $112 per month for electricity, based on typical usage of 797 kWh per month.
Florida electricity rates have remained relatively stable but are expected to increase as utilities invest in grid hardening and storm resilience. Solar adoption is growing as homeowners seek to lock in energy costs.
Major Electric Utilities in Florida
| Utility Company | Avg Rate ($/kWh) | Customers | Est. Monthly Bill |
|---|---|---|---|
| Florida Power & Light (FPL) | $0.13 | 5.7M | $104 |
| Duke Energy Florida | $0.14 | 1.9M | $112 |
| Tampa Electric (TECO) | $0.13 | 800K | $104 |
How Solar Compares to Florida Electricity Rates
Without Solar
- Monthly bill: $112
- Annual cost: $1,344
- 25-year cost: $33,600
- Rate trend: Rising 2-5% annually
With Solar
- Monthly savings: $94
- Annual savings: $1,128
- 25-year savings: $38,000
- Rate: Locked in for 25+ years
Electricity Rates FAQ - Florida
The average residential electricity rate in Florida is $0.14 per kilowatt-hour (kWh), which is 12% below the national average of $0.16/kWh. The average monthly electric bill is approximately $112.
With solar panels, Florida homeowners can reduce their electricity costs by approximately 84%, saving around $94 per month or $38,000 over 25 years. The 30% federal tax credit further reduces the upfront cost.
The largest electric utilities in Florida include Florida Power & Light (FPL), Duke Energy Florida, Tampa Electric (TECO). Rates vary between utilities, so your exact cost depends on your provider and usage.
Yes, electricity rates in Florida have been increasing over time, following national trends of 2-5% annual increases. This upward trend makes solar panels an increasingly attractive investment since they lock in your energy costs for 25+ years.
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