The harvesting of energy from ambient environments is an emerging technology with potential for numerous applications, including portable electronic devices for renewable energy. Most of the current research activities refer to classical piezoelectric ceramic materials, but more recently the development of electrostrictive polymers has generated novel opportunities for high-strain actuators. At present, the investigation of using electrostrictive polymers for energy harvesting (a conversion of mechanical to electrical energy) is beginning to show potential for this application. This paper discusses the development of a model that is able to predict the energy harvesting capabilities of an electrostrictive polymer composite (EPC). An equivalent electrical scheme has been developed by using the model of current that was recently developed by our group. After the validation of the model on a macroscopic level, an empirical relationship was established to predict the value of power from the electrostriction coefficient, the dielectric permittivity, and the compliance of the material. Finally, results indicated that the dielectric permittivity was the crucial parameter for energy harvesting.