Annual Saving off your Electricity Bill and SEG Export Payment
With a Solar PV system your building will always use any electricity produced by the Solar PV system before any additional power, required to meet the buildings instantaneous demand, is brought in from the grid.
In this way, because you are using your own electricity you will import less from the grid and so your annual electricity bill will be lower. In fact, the more solar electricity you use, the greater the saving you will make off your bill and the faster the PV system will pay back.
As commercial properties tend to use the majority of their electricity in the daytime they generally benefit from a greater saving off their annual electricity bill and higher return on investment percentage.
If high demand appliances and/or machinery are involved, bills will be even lower.
Under the Government’s SEG (Smart Export Guarantee) Scheme, both commercial and domestic system owners are paid for any electricity that is not used in their property and so flows automatically back to the grid.
The scheme is administered through electricity providers and once your system is fully installed and certified you can make an application through them. Please note you will need a Smart Meter which can record what you import from the grid and what you export.
Solar PV really is the property-improvement investment that pays for itself over and over again.