Duke Energy Florida completes solar energy site in Sumter County, estimates $250 million in customer savings over its service lifetime

• Customers are benefiting from three rate reductions this year - lowering bills by approximately $50

EDITOR'S NOTE: Please click here for photos of the Jumper Creek Solar Complex.

ST. PETERSBURG, Fla. - Today, Duke Energy Florida announced the completion of the Jumper Creek Solar Complex in Sumter County. The site is part of the company's plan to build 900 megawatts (MWs) of solar power in Florida by the end of 2028.

Reducing rates, diversifying generation mix

Expanding solar energy helps displace the cost of fuel, like natural gas, that would otherwise be needed to generate electricity. This creates savings for customers because the price Duke Energy Florida pays for fuel is a direct pass-through cost reflected in their bills. Jumper Creek Solar Complex will produce enough clean energy to save the company's 2 million customers an estimated $250 million over its service lifetime.

In addition to the long-term savings that Duke Energy Florida customers will see from the launch of new solar sites, the company has also reduced rates three times this year. The typical 1,000-kWh residential customer bill will be lowered by approximately $50, or 25%, in June 2026 when compared to January 2026.

Our view

"We know our customers are facing increased costs in nearly every category, so it's critical for us to find ways to reduce long-term energy costs while delivering reliable service," said Melissa Seixas, Duke Energy Florida state president. "Each of the solar sites that we're bringing in service is projected to save customers money by reducing our reliance on fuel, one of the largest drivers of energy costs, helping shield customers from fluctuations in fuel prices."

By the numbers: Solar energy sites

• Jumper Creek Solar Complex is a 74.9-megawatt solar site which will generate enough electricity to displace about 1.2 million cubic feet of natural gas, 12,500 barrels of fuel oil and 9,500 tons of coal each year.
• Duke Energy Florida is working to establish 12 new solar energy sites by the end of 2028.

• Together, these 12 sites will create 900 MW of energy and save customers a total of approximately $3 billion throughout their service lifetimes.
• Duke Energy Florida is passing on approximately $65 million in IRA production tax credits in 2025, and that amount will grow each year as more solar is placed in service, reducing residential rates by at least $2.50 per 1,000 kWh on their monthly bill.

Duke Energy Florida

Duke Energy Florida, a subsidiary of Duke Energy, owns 12,300 megawatts of energy capacity, supplying electricity to 2 million residential, commercial and industrial customers across a 13,000-square-mile service area in Florida.

Duke Energy

Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of America's largest energy holding companies. The company's electric utilities serve 8.7 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own 55,700 megawatts of energy capacity. Its natural gas utilities serve 1.6 million customers in North Carolina, South Carolina, Ohio and Kentucky.

Duke Energy is executing an energy modernization strategy, keeping customer value at the forefront as it invests in electric grid upgrades and efficient generation resources to strengthen the system and serve growing energy needs.

More information is available at duke-energy.com. Follow Duke Energy on X, LinkedIn, Instagram, TikTok and Facebook for stories about the people and innovations powering its communities.

Contact: Laitin Sterling
24-Hour: 800.559.3853