With the continuous rise in energy bills from household energy providers, investing in renewable and clean energy gives you stable costs without the constant worry of annual inflation. Installing solar panels from Wil-Lec will allow you to generate your own electricity, but also enables you to purchase additional power from an energy provider, should you need it.
Choosing to implement a solar power system gives you a number of benefits… as well as saving you money on your energy bills from energy you’ll be generating, and being a greener low carbon solution, it can also earn you money. Under a new incentive to encourage householders to invest in solar, energy suppliers will now pay you for any electricity you put back into the national energy grid under a new Government introduced scheme (introduced in January 2020).
SMART EXPORT GUARANTEE
The ‘Smart Export Guarantee‘ scheme (SEG), pays you for the energy your solar panel system ‘exports’ into the grid. This is for any electricity your solar system generated that you didn’t use yourself and is pushed back into the national energy grid. The scheme works by requiring certain energy suppliers to offer ‘tariffs’ that pay a set rate for each kilowatt hour (kWh) of electricity you export. The amount you get varies by supplier, and of course you’re free to shop around to get the best rates. The SEG isn’t as generous as the previous ‘feed-in-tariff’ (FIT) scheme – which closed to new applicants in March 2019.
With the increasing energy prices there has never been a better time to install solar with the potential to save £1000s over the lifetime, the returns on solar investment can soon be recouped.