How can energy independent homes save money?

Take an energy independent home equipped with renewable technology – solar panels, wind turbine for home, etc. – and a storage battery. That home may end up generating and storing more energy than required. Rather than let that energy go to waste, consumers can export it back to the grid and get paid. This makes sense for two big reasons.

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 theSmart Export Guarantee (SEG). An increasing number of people are now benefiting from this government-backed initiative, and you could be one of them.

Should you sell unused electricity?

Both options – storing in batteries or selling back to the grid – offer benefits. Storing can lead to cost savings, increased energy independence, reduced carbon emissions, and improved efficiency. On the other hand, selling unused electricity can earn homeowners money, further reducing carbon emissions and contributing to grid stability.

Can you sell electricity back to the grid?

The equipment may be more costly than some other options, but you may be able to sell electricity back to the grid. A small hydroelectricity system generating energy from a stream or river can produce enough electricity to power all lighting and electrical appliances in the average home.

Can you sell solar energy through SEG?

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.

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.