Solar homeowners on the government's Feed-in Tariff (FiT) scheme may be missing out on higher earnings by not switching to the Smart Export Guarantee (SEG). Households could earn hundreds of pounds more annually without losing generation income. While FiT payments are locked in, SEG rates have risen since 2020, with potential earnings more than doubling for many. Homes that export a significant percentage of their electricity, especially those with smart meters, stand to benefit the most by switching to SEG tariffs, promising substantial long-term gains.
Many households can boost their export payments by hundreds of pounds annually without affecting their existing generation income by switching to the Smart Export Guarantee.
With Smart Export Guarantee rates rising steadily since 2020, now could be an ideal time for solar panel owners to reconsider their export tariff options.
The average solar home could earn an extra £168 per year, simply by switching export tariffs from FiT to SEG.
If you're exporting more than 20-30% of your generated electricity, a Smart Export Guarantee tariff is likely to bring in more income.
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