Selling the excess energy generated by solar panels has never been easier

Homeowners and businesses with solar panel systems can sell excess energy generated by their panels back to the grid through a program called the Smart Export Guarantee (SEG).

Under the SEG program, electricity suppliers with more than 150,000 customers are required to offer export tariffs to customers with eligible renewable energy installations. The export tariffs are the amount that customers are paid for the excess energy they export back to the grid. The rates vary depending on the supplier and the time of day, but they must be greater than zero.

To participate in the SEG program, homeowners and businesses must have an eligible renewable energy installation, such as solar panels. The installation must have a capacity of 5 MW or less, and it must be certified by the Microgeneration Certification Scheme (MCS) or equivalent.

To sell energy back to the grid, homeowners and businesses must have a smart meter installed that is capable of measuring the amount of electricity they export. The smart meter sends data to the energy supplier, who then pays the customer for the excess energy exported.

It’s important to note that not all energy suppliers offer export tariffs, and the rates can vary significantly between suppliers. Therefore, it's a good idea to shop around and compare rates before choosing an energy supplier for your solar panel system.