According to available information, the Duke Energy Lake Placid solar farm in Florida has a total cost of approximately $60.6 million. This cost is expected to be recouped through the electricity generated by the solar plant, which will be reflected in residential customers’ monthly bills. Specifically, the estimated impact on residential customers’ rates is 22 cents per 1,000 kWh.
Note that this cost estimate only applies to the Lake Placid solar farm and does not represent the total cost of Duke Energy’s solar investments in Florida, which are estimated to be around $1 billion through 2022.