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Our Guide on Selling Electricity Back to the Grid

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    Our Guide on Selling Electricity Back to the Grid

    • Free solar panel quotes
    • Solar battery installation
    • High-quality solar panels
    • Reduce your energy bills
    • Comprehensive warranties
    • After-sales support
    01277 549 045[email protected]Contact Form

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    Selling Electricity Back to the Grid - How does it work?

    The sun's energy, captured and converted into electricity by solar panels, presents a unique opportunity for homeowners and businesses alike. Not only does it provide a renewable source of power, but it also opens up a potential revenue stream. This is made possible through a process known as smart export guarantee tariff, where surplus electricity generated by your solar panels can be sold back to the grid. This process is not just an incentive for solar panel adoption, but also a step towards a more sustainable and self-sufficient energy future.

    To give you an idea of what is causing this excitement, here are just seven of the many benefits of adding a battery storage system to domestic or commercial solar panels

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    Understanding Solar Battery Storage

    Solar energy storage is a crucial component of a solar power system. It’s important to distinguish it from the solar panels themselves, which are responsible for capturing sunlight and converting it into electricity. The solar battery’s role is to store the excess electricity that these solar panels generate.

    During peak sunlight hours, solar panels often produce more electricity than your home or business can consume. This excess power doesn’t have to go to waste; instead, it’s stored in the solar battery. This stored energy can then be used when needed, such as during the night or on days with less sunlight.

    Moreover, solar battery storage opens up the opportunity of selling excess electricity back to the grid. This not only provides a potential revenue stream but also contributes to a more sustainable energy system by supplying the grid with clean, renewable power.

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    How Much Can You Earn by Selling Electricity Back to the Grid in the UK?

    The financial benefit of selling electricity back to the grid in the UK depends on several factors, including the size of the solar power system, the amount of excess electricity generated, and the current smart export guarantee tariff rates.

    A smart export guarantee tariffs are payments made to homeowners and businesses for the renewable electricity they generate and export to the grid. These rates are set by energy regulators and can vary. It’s important to note that these rates can change over time due to factors such as inflation and changes in the energy market.

    While it’s not possible to provide the exact current rates due to the dynamic nature of the energy market. For the most current rates and detailed information on smart export guarantee tariffs, it’s recommended to check with the energy provider or refer to reliable energy market resources such as the ofgems guide on smart export guarantee tariff.

    02

    The Process of Selling Solar Power to the Grid

    Selling solar power back to the grid involves a process that’s both simple and efficient. Once your solar power system is set up and connected to the grid, any excess electricity that your system generates is automatically fed back into the grid. This process is managed through a two-way electricity meter that’s installed at your property.

    This meter measures two things: the amount of electricity you draw from the grid, and the amount of excess electricity your solar power system feeds back into it. The electricity company keeps track of these measurements and calculates the net amount of electricity you’ve used or supplied.

    At the end of a given period, usually every quarter, you’ll receive a statement from your electricity company. If you’ve supplied more electricity to the grid than you’ve used, you’ll be credited for the excess at the current smart export guarantee rate. This amount can be used to offset future electricity bills, or in some cases, you may even receive a payment.

    It’s important to note that the specifics of this process can vary depending on your location and the policies of your local electricity company. Always check the details with your provider to ensure you understand the process and the potential benefits.

    03

    Comparing Using Stored Solar Energy vs. Selling it to the Grid

    When it comes to deciding whether to use the solar energy generated or sell it back to the grid, several factors come into play.

    If your system generates more electricity than you can use, selling the excess back to the grid can be a good option. This not only provides a potential revenue stream but also helps support the wider use of renewable energy.

    However, it’s important to note that the financial benefit of selling electricity back to the grid depends on the current smart export guarantee tariff rates, which can vary. It’s also worth considering that using the electricity yourself could save you more money than selling it back, depending on your current electricity rates.

    In conclusion, the decision between using solar energy and selling it back to the grid depends on your individual circumstances, including your energy needs, the size of your solar power system, and the current energy rates. It’s recommended to consult with one of our solar energy experts or your energy provider to make the most informed decision.

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    The Future of Solar Energy Sell Back in the UK

    The future of selling solar energy back to the grid in the UK looks promising. As the country continues to invest in renewable energy sources and aims to reduce its carbon footprint, solar power is set to play a significant role in this transition.

    The UK government’s commitment to achieving net-zero carbon emissions by 2050 is expected to drive further growth in the solar energy sector. This could potentially lead to more favourable policies and incentives for those selling electricity back to the grid.

    Moreover, advancements in solar technology and battery storage are likely to increase the efficiency and affordability of solar power systems. This means that more homes and businesses can harness the benefits of solar energy, including the opportunity to sell back to the grid.

    While the specifics will depend on future government policies and market dynamics, the trend towards renewable energy suggests a bright future for solar energy sell back in the UK.

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    Contact Skylar Solar Today

    Interested in exploring the benefits of solar energy further? Skylar Solar is here to help. As experts in solar panel installation for homes, solar battery storage, and EV charger installation, we can provide the guidance and services you need to make the most of solar energy.

    Contact Skylar Solar today to start your solar journey.

    Want to know more about battery systems? Give us a ring on 01277 549045, and we’ll be happy to help.

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