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Without an expensive solar battery, selling excess electricity back to the national grid is sensible. Normally such sales are free from tax, but there is an exception. If the intention is to match the individual’s own home consumption needs, the microgeneration system’s sale of excess electricity becomes exempt.
Consulting with a professional solar installer is recommended for a seamless setup. Homeowners in the UK can potentially earn between £80 – £165 annually by selling solar power back to the grid. The exact amount varies based on the system’s size and the tariffs offered by energy suppliers.
Install too large a system and these sales will be taxable. This will extend the typical eight-to-ten-year payback period for solar panels, especially if higher rates of tax are involved. Big suppliers pay for exported electricity under the smart export guarantee (SEG) scheme. Rates vary (1p to 15p/kWh), so choose wisely.
Earn money: Homeowners can earn money by selling back electricity to the grid in the UK through programs like the Smart Export Guarantee (SEG). Reduced carbon emissions: Selling excess solar energy back to the grid can help reduce the need for fossil fuels and decrease carbon emissions.
There are several benefits to storing or selling unused electricity generated by solar panels. These options allow homeowners to make the most of their solar energy systems and earn money through net metering or feed-in tariffs.
No, at the moment, the only option for homeowners is to sell excess solar energy back to the grid or store it using battery storage for future use. Are there special requirements to sell energy through SEG? Yes, The SEG requires your solar panels to be under 5MW capacity and you must have an MSC certificate for installation.
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