What is the Smart Export Guarantee (SEG) and who is it for?
The Smart Export Guarantee (SEG) is a government initiative that was introduced in January 2020 to replace the Feed-in Tariff (FIT) scheme. The aim of the SEG is to incentivize homeowners and businesses to generate renewable energy and export any excess electricity back to the National Grid.
How does SEG work for solar panels?
If you have solar panels installed on your property and you generate excess electricity, you can sell this back to the grid and receive payment through the SEG. The amount you receive will depend on the tariff rate offered by your energy supplier. To be eligible for the SEG, you must have a renewable energy generator with a capacity of up to 5MW. This includes solar panels, wind turbines, and hydroelectric generators.
You must also have a smart meter installed that can measure the amount of electricity you generate and export back to the grid. You will need to show that your installation and installer are certified through the microgeneration certification scheme (MCS) or equivalent. Radiance Solar is certified by the MCS.
If you have any questions about the Smart Export Guarantee, or how we can help you, please don’t hesitate to contact us.