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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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Florida Says No To $400M In Federal Solar Energy Incentives

A $7 billion grant “competition” to promote clean energy in disadvantaged communities by providing low-income households with access to affordable solar energy was introduced by President Joe Biden earlier this year, but none of that money will reach Florida households. Gov. Ron DeSantis decided to pass on the $400 million up for grabs by choosing to opt out of the opportunity.

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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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Miami-Dade County Looks To Cut Ties With Ygrene Energy Improvement Funding

The commissioner who is championing the pullout says the improvement financing vehicle is actually making consumer loans. An October 2022 Federal Trade Commission order said Ygrene deceived consumers about the potential impact of its financing and that it unfairly placed liens on homes without consent.

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States Sue FEMA Over Flood Insurance Rate Hikes

When FEMA’s new Risk Rating 2.0 pricing plan went into effect in April, the agency said it was more equitable and better reflects flood risk. The result is rate increases that will average more than 100% in coastal states like Louisiana and Florida. Some parishes in southeast Louisiana will see rates go up on average more than 500%.

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