{"id":4670,"date":"2023-02-23T12:53:00","date_gmt":"2023-02-23T12:53:00","guid":{"rendered":"https:\/\/ledask.com\/?p=4670"},"modified":"2022-12-24T09:46:46","modified_gmt":"2022-12-24T09:46:46","slug":"solar-incentives-uk","status":"publish","type":"post","link":"https:\/\/ledask.com\/solar-incentives-uk\/","title":{"rendered":"Solar Incentives UK: How Does it Work?"},"content":{"rendered":"\n

The idea behind s<\/a>olar incentives in the UK is simple. The UK government is working towards reaching a 32% renewable target before 2030. And introducing different schemes will help them push towards the goal faster. <\/p>\n\n\n\n

In this article, we’ll discuss how you can apply and more.<\/p>\n\n\n

Solar Panel Funding UK: Which One is Available in 2022?<\/h2>\n\n\n
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Installers installing solar panels<\/em><\/p>\n\n\n\n

Here are significant solar panels incentives in the UK:<\/p>\n\n\n

SEG (Smart Export Guarantee)<\/h3>\n\n\n
\"Plant<\/figure>\n\n\n\n

Plant growing in a bulb<\/em><\/p>\n\n\n\n

On January 1st, 2020, the SEG took effect and is currently active. The idea behind the SEG is to pay small-scale low-carbon electricity for the excess energy they send back to the grid. In truth, this grant is not directly from the government; it requires licensed suppliers to provide an export tariff to their customers. <\/p>\n\n\n\n

So, suppliers with less than 100,000 customers can voluntarily export tariffs to their customers. But, suppliers with over 100,000 customers must offer a tariff<\/a>.<\/p>\n\n\n

What are the advantages of the Smart Export Guarantee?<\/h4>\n\n\n

First, if you become an SEG generator, it comes with the privilege of checking various SEG Licensees to get the best price offer per kWh exported. <\/p>\n\n\n\n

While at it, you can check the contract rate and length the Licensees offer. <\/p>\n\n\n\n

Typically, you should expect a rate between 1p and 7.5p per kWh.<\/p>\n\n\n\n

For example, for a 6.5p per kWh rate, an average two-bedroom homeowner with about 3.0 kWp solar panel<\/a> installation will earn over £100 yearly under the Smart Export Guarantee.<\/p>\n\n\n

Who’s Eligible?<\/h4>\n\n\n

You are eligible for SEG if you’re a homeowner with consistent solar panel systems of up to 5MW capacity. <\/p>\n\n\n\n

Further, your home has to feature a smart meter to measure the exports. <\/p>\n\n\n\n

Also, it’s crucial to note that a few energy suppliers provide special rates for the energy you export from specific systems.<\/p>\n\n\n

How Do You Apply for SEG?<\/h4>\n\n\n

Once you get an SEG Licensee, apply accordingly based on the specific process. <\/p>\n\n\n\n

But before proceeding with the application for SEG tariffs, ensure that you’ve installed a customized energy-efficient panel that fits your home’s needs. <\/p>\n\n\n\n

As a result, it will help you save energy from the onset with standard panels suited for your home. <\/p>\n\n\n

The ECO4 Scheme<\/h3>\n\n\n
\"Different<\/figure>\n\n\n\n

Different green energy source<\/em><\/p>\n\n\n\n

Initially, it was the ECO3 that was effective in the UK. But now, the ECO4 (Energy Company Obligation) is active and should run from July 2022 to March 2026. <\/p>\n\n\n\n

The UK Government has issued £4 billion to this cause to reduce carbon emissions and boost the energy ratings of homes.<\/p>\n\n\n\n

Is ECO4 different from ECO3? <\/p>\n\n\n\n

Yes, it’s different because the former offers people the opportunity to qualify due to flexible eligibility. <\/p>\n\n\n\n

Also, it’s essential to note that the ECO4 applies to eligible measures installed from 1st April 2022. <\/p>\n\n\n

The Pros of the ECO4 Scheme<\/h4>\n\n\n

This scheme is incredible as it allows low-income households to switch their old heating system for a more eco-friendly and efficient design, like solar PV panels. <\/p>\n\n\n\n

Further, the ECO4 should upgrade about 450,000 to primarily EPC<\/a> band C. <\/p>\n\n\n\n

So, qualified homes with the least efficiency could save up to £1,600 per year. And the average home will save around £290 on energy bills.<\/p>\n\n\n

Who’s Eligible?<\/h4>\n\n\n

Vulnerable, low-income, and fuel-poor homes qualify for the ECO4 scheme. <\/p>\n\n\n\n

But your home has to meet specific requirements before qualifying for solar PV panels.<\/p>\n\n\n\n