Tampa Electric (TECO) Solar Incentives

(TECO) Tampa Electric Solar Panel Rebates, Incentives & Net Metering

A customer-owned and -installed generation system, such as a photovoltaic solar panel array, lets you power your home or business with clean, renewable energy generated from the sun. After you complete a certified installation, Tampa Electric will interconnect your system to the grid and install a bi-directional net meter to measure any excess kilowatt-hours of electricity produced by your system. Any excess electricity generated by your system will be delivered to Tampa Electric’s grid, and in return, you will receive a credit based on your current retail energy rate.

Learn more by downloading the Florida Public Service Commission’s Rule 25-6.065 Document Icon. Tampa Electric also provides interconnection and net metering to wind-powered, biomass, or other renewable generating systems as defined by Florida Statutes 366.91(2) Document Icon and 366.92(2) Document Icon.

How will net metering affect my electric bill?

If your home or business has a net meter, your monthly billing statement will include a Total Used column displaying your kWh Delivered (the kilowatt-hours of electricity delivered to you from Tampa Electric’s grid) and any kWh Received (the kilowatt-hours of electricity Tampa Electric received from your solar array). Download this sample bill PDF Icon to see how this will appear and to learn more. This guide to meter displays PDF Icon will help you identify the various readings that will appear on your net meter.

Attention Energy Planner customers – Net metering does not support the Energy Planner program. If you have a net meter installed, you will be required to switch to Tampa Electric’s standard residential rate.

Call Today! (727) 827-2524

What are Tampa Electric’s Net Metering rates?

Tampa Electric pay the full retail value for energy exported back to the grid. This means every 1 kWh you export to the grid is worth the same as what it would cost you to import the same amount of electricity.

Tampa Electric Solar Panel Incentives & RebatesOn a time-of-use plan you pay different amounts depending on the time of day or what season it is. The net metering rate works in exactly the same way. The energy you export during non-peak hours will be worth the non-peak rate (currently 1.665 cents per kWh). Similarly, energy exported during the peak period will be worth the peak rate, 15.823 cents per kWh.

For an average Tampa Electric customer owning a single family home and with a power bill of $208 per month the gross cost for installing a 12.51kW solar system is $36,029, which is $2.88 per watt. Upfront incentives (including the 30% federal solar tax credit) reduce this cost by $10,809 making the net cost $25,220.

How does Tampa Electric Net Metering work?

Net Metering is when the utility gives you full retail value for the energy you put back into the grid. Excess energy produced by solar (or other energy production) is pumped into the grid when it cannot be used immediately in the home. The Utility then awards a credit to your account for each kWh exported. This credit can then be exchanged for each kWh imported to the home.

To be eligible for net metering, Tampa Electric will need to install a bi-directional meter so the excess power you produce can flow back into the grid. They will install this free of charge.

Call Today! (727) 827-2524