Homeowners with SOLAR PANELS could make HUNDREDS of POUNDS from selling electricity

Solar Panels installed in roof

HOMEOWNERS with solar panels could be guaranteed hundreds of pounds a year if not more by selling excess electricity. Payments will be made to encourage households and businesses to generate their own power for the grid under the scheme. Wind power and solar forms of energy will allow for extra income tracked by their Electric smart meter. Energy Suppliers will bid for electricity meaning homeowners will get the best price for their energy under new laws introduced on Monday. The Smart Export Guarantee comes ahead of a government announcement expected next week on a net target of zero emissions by 2050 which will be very interesting to see. Energy Minister Chris Skidmore, said: “The future of energy is local and the new smart export guarantee will ensure households that choose to become green energy generators will be guaranteed payment for electricity supplied to the grid. “We want the energy market to innovate and it’s encouraging to see some suppliers already offering competitive export tariffs to reduce bills. “We want more to follow suit, encouraging small-scale generation without adding to consumer bills, as we move towards a subsidy-free energy system and a net zero emissions economy.”

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