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Compensation Standards for Household Solar Power Generation

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Compensation Standards for Household Solar Power Generation [PDF]

6 FAQs about [Compensation Standards for Household Solar Power Generation]

How much can you earn from solar panels?

Depending on how much you're able to export, those rates could make a substantial difference to how much you could earn. A household with a fairly typical solar panel set-up* could earn £69 more a year (£84 vs £15) with the highest-paying tariff rather than the lowest-paying. The STA maintains a list of SEG tariffs here.

Will new solar homes get a payment from suppliers?

New solar homes and businesses creating and exporting electricity to the grid will be guaranteed a payment from suppliers under new laws to be introduced by the government this week (Monday 10 June).

What's the difference between a SEG and a solar energy export?

Instead of directly paying you for the electricity you export to the grid, you earn credits for energy exports during the summer months and are then able to get a discount of up to £150 on your winter energy bills. Unlike the SEG, it's targeted solely at solar-panel owners.

Will SEG tariffs recoup my investment in solar panels?

Solar panels are expensive, and SEG tariffs won't recoup your investment in your new solar panels any time soon. Even a small solar panel system will set you back around £3,000; it would probably take several decades to earn this back from SEG earnings alone.

How much energy does a solar heat pump use?

An average home in the UK would need an air-source heat pump that requires roughly 4,000kWh of electricity a year to power it - which you can get with a 5.6kW solar panel system. But this will leave little extra energy to power the rest of your home, so you'd still be reliant on the grid to some extent.

When will solar panels pay back to the grid?

New rules introduced this week will give homes and businesses that install solar panels payments for exporting electricity back to the grid from 1 January 2020.

Solar Pro.