Electrical contractors urged to declare business diversification

As new laws have been announced to guarantee payment for solar homes providing excess electricity, demand for solar panel technology from home-owners is expected to increase.

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This will in turn present a number of new opportunities for electrical contractors looking to broaden their contract opportunities.

ECIC, the specialist insurer for the building services sector, is encouraging electrical contractors who are diversifying into renewable technology to make sure that their insurance reflects the new work they are undertaking.

New government legislation states that all new solar homes and businesses exporting electricity to the grid will be guaranteed a payment from suppliers.

What is being described as the Smart Export Guarantee (SEG) will ensure that the owners of small-scale electricity generators with a capacity up to 5MW will be paid for each unit of electricity they sell to the grid – tracked by a smart meter.