If you’re considering a solar installation you may have heard of SEG tariffs and been told they can make you money. But what is an SEG tariff and how does it work?
A Smart Export Guarantee (SEG) tariff pays
customers for the renewable electricity they generate and put into the grid. It
replaces the Feed-in Tariff (FIT) scheme which paid solar panel owners for
electricity generated at home.
When you sign up to an SEG tariff
you are paid for excess electricity generated that is fed into the National
Grid. It differs from the FIT scheme which pays for all electricity produced so
SEG payments tend to be lower.
You cannot receive a feed-in tariff and SEG
payments simultaneously, but you can opt-out of the feed-in tariff scheme if
you would prefer to receive SEG payments.
Energy suppliers decide the rate they pay,
the length of the contract, and whether tariffs are fixed or variable. Fixed
SEG tariffs pay a set rate per kilowatt-hour (kWh) for electricity exported throughout
the duration of the contract.
Variable tariffs have fluctuating prices
depending on market demand.
Before deciding on the best SEG tariff
you should shop around for the best deals.
If you’re considering a solar installation in Eastbourne or the surrounding areas, get in touch to
discuss your options or book a consultation.
