What is the Smart Export Guarantee?
The Smart Export Guarantee replaced Feed In Tariff in 2019.
The Solar industry transformed from subsidised, under Feed in Tariff, to marketised with Smart Export Guarantee. Naked Solar’s mission to improve the solar industry includes bringing you the facts about Solar Export Guarantee so you can make the best choices for your Solar Life.
Smart Export Guarantee requires Electrical Energy Suppliers to pay Solar PV owners for their exported electric so here’s the 6 facts you need to know.
- You can shop around to get the best rate for your exported energy.
- Smart Tariffs are available which pay different rates at different times of day.
- Most Tariffs will simply pay a flat rate per kWh no matter what time of day the export happens.
- Systems claiming FIT are eligible by opting out of the Export element of thier payments while still keeping the lucrative FIT payments.
- Your energy supplier will need to install a smart meter if you don’t already have one.
- Make sure your Solar PV system is installed by an MCS accredited installer.
- Many customers take advantage of charging batteries on off-peak electric to export at lucrative peak-rates with Solar Grid Trading.
Each energy supplier will have their own terms and conditions as to who can apply for the SEG with them, some will require them to be your main energy supplier, all will need proof that your solar install has been undertaken by an MCS qualified installer like Naked Solar.
Please read all the Energy Suppliers contract information before choosing who to export your solar energy to. Remember that Solar Grid Trading rates will vary as often as energy prices do and choosing a Solar PV & Battery Storage system is a longer term decision. Before being tempted by any special offers to entice you to choose a system because it’s linked to a current tariff, bear in mind this may lead to dissapointment in a couple of years when the tariff changes.
