Microgeneration can be a great way to save yourself money on your gas and electricity bills. However, many people are still unaware of what exactly microgeneration is and how they could benefit from it.
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Microgeneration simply means that you produce some or all of the energy that you use in your own home.
There are a number of ways that you can generate your own power and not all of them are particularly expensive. You can even earn some money through this by selling your excess power back to the mains grid.
There are a few different reasons that people choose to generate their own energy. One of these reasons is that they want to be more environmentally friendly by using energy from renewable resources. Producing your energy at home is a great way to do this but it is not the only one. There are many energy suppliers out there with tariffs that offer energy that is produced exclusively through renewable sources. To have a look at what green energy plans are available to you, run a green energy comparison through our website.
Another reason that people choose to generate their own energy is that it can often be a lot cheaper than purchasing your energy from an outside energy supplier. Whilst most of the methods used for generating energy require a significant financial outlay to begin with, they can save you a lot of money in the long run and therefore pay for themselves.
If you are creating an excess amount of energy then you can sell this power back to the mains grid for a profit. From 2008-2019, this could be done via the government’s Feed-in-Tariff (FIT) scheme. Since the FIT closed down, it has been replaced by the Smart Export Guarantee (for more information, visit the Ofgem website). Note that the Smart Export Guarantee only offers subsidy payments for renewable generators.
Microgeneration is typically done with renewable or green systems. The most common forms include home solar panels or wind turbines. However, there are also a number of different domestic heating solutions – including ground source heat pumps or biomass boilers – which don’t generate electricity, but do allow you to heat your home without relying on the national grid. For more information, read our guide on generating renewable energy at home.