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Florida Has The 4th Highest Power Bills In The US, According To MarketWatch

In a national comparison that looked at how much the average electricity bill was in each state, Florida ranked No. 4 at $168 per month, which is about $31 more than the national average. So, what’s causing the increase in electricity bills?

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Florida Commission Approves A Duke Energy Settlement That Will Increase Electric Rates

Also as part of the settlement, Duke will be able to recoup costs from customers for 12 new solar facilities. The solar increases are projected to total $12 million in 2025, $71 million in 2026 and $58 million in 2027, the utility said last month.

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Florida’s Chief Financial Officer Warns Solar Panels Can Worsen Insurance Costs

The elected CFO of the Sunshine State recently highlighted some of the “serious red flags” that consumers need to be aware of when purchasing solar panels. Patronis explained that reports show homeowners could see higher premiums over time, due to a need for specialized coverage, or for the replacement of a solar panel.

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FPL Invests Into Its Push To Be A National Leader In Solar Power

During the first quarter of the year, FPL put into service 1,640 megawatts of new solar power that put its solar portfolio at over 6,400 megawatts, making it the largest utility-owned solar portfolio in the country. The company also plans to increase its solar mix from approximately 6% of total generation in 2023 to 38% in 2033.

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Smart Lighting Offers Major Benefits At Institutional And Commercial Facilities

An obvious benefit of smart lighting is energy efficiency. Integrated occupancy/vacancy sensing and daylighting technology automatically adjust light levels based on occupancy, available daylight, and scheduling to help reduce both energy consumption and electricity costs. Smart lighting can also improve occupant wellbeing and productivity of employees and building occupants.

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Lawmakers Could Give More Power, Less Accountability To Florida’s Utility Regulators

Newly introduced legislation proposes tweaking the structure of Florida’s Public Service Commission. The bill would allow the PSC to operate year-over-year without seeking re-approval each fiscal year and removes a check on PSC rulemaking.

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Building A Sustainable Future: How Real Estate Innovations Combat Climate Change And Cut Costs

With climate change threats looming, coupled with rising operational expenses, professionals are adapting by embracing innovative sustainability strategies. By implementing innovative sustainability strategies and practices, real estate professionals can combat climate change and cut costs.

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