Solar power generation sold to the Electricity Bureau

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6 FAQs about [Solar power generation sold to the Electricity Bureau]
Can you sell solar energy back to the National Grid?
Householders and businesses with solar panels installed, who generate more renewable electricity than they need, can sell energy back to the National Grid under the Smart Export Guarantee (SEG). An increasing number of people are now benefiting from this government-backed initiative, and you could be one of them.
Will new solar homes get a payment from suppliers?
New solar homes and businesses creating and exporting electricity to the grid will be guaranteed a payment from suppliers under new laws to be introduced by the government this week (Monday 10 June).
Are solar panels a good investment in the UK?
More than 1.3 million homes in the UK now have solar panel installations, the renewable technology making a contribution towards reducing carbon emissions and saving households hundreds each year, both through bills savings and Smart Export Guarantee payments from selling surplus electricity back to the grid.
What happens if you export solar power back to the grid?
If you have solar panels exporting electricity back to the grid, the SEG tariffs will generally be transferred to the new owner – another important selling point. Solar energy technology has advanced dramatically in recent years, making solar power more accessible and affordable. And these developments and improvements will intensify in the future.
How do I sell excess electricity generated by my solar PV system?
To sell excess electricity generated by your solar PV system, you need to apply directly to a licensed SEG tariff supplier. Your SEG licensee doesn’t have to be your current top-up electricity supplier. You can choose different companies for SEG payments, electricity supply, and gas supply.
Do SEG payments save money on energy bills?
SEG payments and the savings you’ll make on your energy bills will go a long way in dictating how quickly you’ll be able to recoup the initial costs of your solar panel investment. The SEG is like paying your electricity bill but in reverse.
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