In the quest for a greener future, the UK government rolled out the Smart Export Guarantee (SEG) scheme on January 1, 2020. Designed to replace the Feed-in Tariff (FIT) programme, the SEG aims to incentivise homeowners to embrace renewable energy technologies while contributing to the nation's clean energy goals. If you're considering installing solar panels on your roof, here's everything you need to know about the SEG
Understanding SEG: What's It All About?
At its core, the SEG offers homeowners financial incentives for exporting surplus renewable energy back to the National Grid. You can power your home with clean energy and earn money by sharing the excess with others. Let's investigate more with Bright Electrical Engineering LTD.
How Much Can You Generate?
To qualify for SEG benefits, the total capacity of your renewable energy system must not exceed 5MW for most technologies and 50kW for micro CHP. These limits ensure that the scheme remains accessible to homeowners while supporting diverse renewable energy solutions.
How Much Can You Earn?
SEG tariffs vary among energy suppliers, ranging from 2 to 5.6p per kWh of exported energy. Your earnings depend on factors such as your chosen supplier and your household's energy consumption patterns. Nonetheless, participating in the SEG scheme can provide a welcome financial boost while promoting sustainable energy practices.
Application Process: How to Get Started
Getting started with SEG is relatively straightforward:
Install solar PV with battery storage by an MCS-certified installer like Bright Electrical Engineering LTD
Find a SEG licensee (an electricity supplier which offers a SEG tariff)
Submit your application and await processing, which typically takes around 28 days.
Conclusion
With battery storage, homeowners can store surplus energy generated during the day during peak demand periods or at night, reducing reliance on grid power, cutting down energy costs, and even selling it back to the grid. Battery storage can be costly initially, but it might be beneficial with the Smart Export Guarantee scheme. Get a survey and a customised solution by Bright Electrical Engineering to meet all your needs. I will make a separate blog post about the pros and cons of installing battery storage.
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