What Is the Smart Export Guarantee?

11th May 2023
close up solar panel in rain

The Smart Export Guarantee (SEG) is a government-backed scheme that pays homeowners for any surplus electricity they generate and export to the grid. The scheme was introduced in January 2020 as a replacement for the Feed-in Tariff (FIT), which was closed to new applicants in 2019.

Under the SEG, energy suppliers are required to offer a tariff for any surplus electricity that their customers generate and export back to the grid. The tariff rate is set by the supplier, and can vary depending on a range of factors, such as the time of day, the location of the property, and the amount of surplus electricity being exported.

Eligibility

To be eligible for the SEG, you must have a solar panel system or other renewable energy system installed on your property. The system must have a capacity of up to 5MW, and must be installed and commissioned by an accredited installer.

You must also have a smart meter installed, which allows your energy supplier to track your energy use and export. If you don’t have a smart meter installed, you’ll need to have one installed before you can apply for the SEG.

Benefits

The SEG offers a number of benefits for homeowners who generate their own electricity. First and foremost, it provides a financial incentive for homeowners to invest in renewable energy systems. By earning money for any surplus electricity they generate, homeowners can offset the cost of their renewable energy system and potentially earn a profit over time.

The SEG also provides greater flexibility for homeowners, as they can choose which energy supplier to sell their surplus electricity to. This means that homeowners can shop around for the best tariff rates, and switch suppliers if they find a better deal.

How to Apply

To apply for the SEG, you’ll need to contact your energy supplier and let them know that you have surplus electricity to export. Your energy supplier will then provide you with a list of available tariff rates, and you can choose the one that works best for you.

Once you’ve chosen a tariff rate, your energy supplier will install a meter that measures the amount of surplus electricity you generate and export. You’ll then receive payments from your energy supplier for any surplus electricity you export back to the grid.

Smart Export Guarantee League Table

Solar Energy UK provides a Smart Export Guarantee league table that compares the tariff rates offered by different energy suppliers. The league table is updated regularly and provides homeowners with an easy way to compare tariff rates and choose the best supplier for their needs.

This includes information such as the supplier name, the tariff rate, and any additional information about the tariff, such as whether it’s a fixed or variable rate. The league table also includes information about the energy supplier’s customer service, which can be useful for homeowners who are looking for a supplier that provides good customer support.

By using the Smart Export Guarantee league table, homeowners can easily compare tariff rates and choose the supplier that offers the best rate for their surplus electricity. This can help homeowners maximise their earnings and offset the cost of their renewable energy system.

 

smart export guarantee league table

Source: https://solarenergyuk.org/resource/smart-export-guarantee/

Get Paid for Your Surplus Electricity with the Smart Export Guarantee

The Smart Export Guarantee is a great way for homeowners to earn money for any surplus electricity they generate and export to the grid. With a range of tariff rates available and the potential for significant earnings over time, it’s a smart investment for anyone looking to generate their own electricity and reduce their carbon footprint. Contact Sheerwater Solar today to learn more about how we can help you take advantage of the Smart Export Guarantee and other government incentives for renewable energy.

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Reaching out to Sheerwater Solar is straightforward and hassle-free. Whether you’re interested in solar panels for your home or business in Woking, we’re here to guide you every step of the way. You can contact us directly by calling 01932 627 555 or by sending an email to info@sheerwatersolar.co.uk.

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What happens next?

In most cases, we’ll need to conduct an on-site survey at your property to assess the feasibility and provide you with a tailored quote. This visit allows us to understand your specific needs and explore the potential for renewable energy solutions. Following the survey, we’ll discuss the best options for integrating solar energy into your property, including detailed costs and the installation process.

We’re excited to assist you on your journey to renewable energy and look forward to hearing from you.