Solar for your business: The Smart Export Guarantee Scheme.
The Smart Export Guarantee (SEG) allows businesses with solar photovoltaic (PV) panels to monetise excess energy by selling it back to National Grid suppliers. Your enterprise can operate as both a consumer and a supplier of clean power. SEG licensees pay businesses a set rate for surplus energy. Rates may vary, but they will never fall to zero. With a smart meter in place, you can track the value of your energy in real-time and shop around for the most competitive deal.
Alongside SEG, UK businesses can also benefit from capital allowances (deducting installation costs from taxable profits) and in some cases regional grants (for example, the BEST Programme in the North East), making commercial solar an even smarter investment.
Advantages of solar panels for businesses:
- Lower energy bills and long-term savings.
- Extra revenue through the SEG initiative.
- Capital allowances reduce taxable profits.
- Decreased reliance on the conventional National Grid.
- Eco-friendly solution that enhances public image.
- Contribution to global greenhouse gas reduction targets.
- Increased property value with sustainable infrastructure.
- Protection from volatile energy market prices.
- Low maintenance costs post-installation.
- Strengthened reputation for corporate responsibility.