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The opportunity to sell your unused energy back to the grid is not only a smart financial move but also a fantastic way to contribute to a greener and more sustainable future. With solar panels installed on your property, you can harness the sun’s power and turn it into extra cash in your pocket. Let’s dig deeper into the details and discover why taking advantage of the Smart Export Guarantee (SEG) scheme is an excellent choice for you.
You can read more about SEG on the Ofgem website or on gov.uk.
First, you’ll need to register for a SEG tariff with an approved energy supplier to start earning from your solar energy. Energy suppliers must offer SEG if they have more than 150,000 customers; if not, offering the scheme is optional. This step ensures that you’ll receive fair compensation for the energy you generate. And don’t worry about the technicalities—your energy supplier can handle the installation of a half-hourly meter that accurately reports your energy readings. They’re there to support you every step of the way.
The amount of money you receive from your surplus energy depends on several things, such as:
● The energy supplier you’ve chosen
● The size and number of solar panels you have
● Efficiency of your solar panel system
● The location of your home
● SEG payment in the UK for a 3-bedroom house is £159 per year*
*Although the average SEG payment for a 3-bedroom house in the UK is estimated at £159 per year, it’s important to note that this is just an average figure. Your earnings could be higher or lower depending on the factors mentioned earlier. However, even at the average rate, the additional income can make a meaningful difference in your household budget or be reinvested in further renewable energy initiatives.
The money you receive from selling your surplus power is paid via a bank transfer which is either monthly or quarterly, depending on your supplier. Or you can request that your payment be a deduction of your monthly energy bill (if you’re using the same supplier for energy import and export).
But it’s not just about the money. By participating in the SEG scheme, you’re making a conscious choice to support renewable energy and reduce your carbon footprint. You’re contributing to a cleaner and greener world for generations. Each kilowatt-hour of solar energy you generate and sell back to the grid is a step towards a more sustainable future, and you can take pride in knowing that you’re part of the solution.
Take the first step towards solar energy independence by researching reputable North East solar panel installers (we know a few guys!), exploring SEG tariffs from different energy suppliers, and calculating the potential earnings based on your unique circumstances. Embrace the sun’s power, and let it illuminate your path to a greener, more prosperous future.
Cashing in on the sun’s rays and turning your property into a mini power station is a smart financial move and a testament to your commitment to a cleaner, more sustainable planet. Be your streets eco influencer.
So, if you’d like to reduce your energy bills and make a little extra money without doing anything, get in touch with North East Solar for a chat, or click the button below for an instant quote!