Solar Tariff: what is it and what types are there

The solar rate is the key element of solar self-consumption, since it allows one of the most precious benefits of solar panels: savings on the electricity bill.

What is the solar rate?

The solar rate is the contract you make with the electricity company for Mark the price at which the surpluses are paid produced by your photovoltaic plant.

How does it work?

In the residential sector, a self-consumption facility is usually with surpluses, since there is rarely a simultaneity between production and consumption. This unconsumed energy is injected into the electrical distribution network.

Since 2019, a Decree allows all owners to receive financial compensation for all surpluses injected into the network. These surpluses are offset in the form of a discount on the electricity bill.

What types of solar rates are there?

Currently, we find two types of solar rates:

• Simplified Solar Surplus Compensation Rate: allows standard compensation for injected surpluses.
• Solar Wallet or Virtual Battery: the retailer offers you compensation for surpluses and, in addition, you can accumulate surpluses that cannot be compensated and used in other months or even for other supplies.

Solar wallet: what are its advantages?

The solar wallet has revolutionized the surplus market. Those surpluses that cannot be compensated for can be stored virtually and used in other months as compensation. You can even redirect them to other supplies, such as a second home.

How do I choose the solar rate?

Keep in mind:

• El Price at which you sell the surpluses to the marketer.
• El Price at which you buy the grid energy you are going to consume. The marketer can buy you the surpluses at a good price, but then sell you the grid energy at a high price.