We’re excited to launch the Carbon Cashback beta platform. The beta label is displayed to show the platform is in its testing phase - this means you are among the first to try it out before full release. It may not work perfectly for everyone and you may not be able to enrol depending on your individual circumstances for now.
Please try out the platform, let us know what you think, and share any suggestions you may have for improvement - we are listening!
Yes. It doesn't cost you anything to enrol or to connect your smart meter.
Snugg charges an administration fee following the sale of credits, which cover costs of verification, awarding credits, identifying buyers and the payment process.
If you’re thinking of installing any energy efficient improvements to your home, then it’s worth enrolling. Without any effort from you, your Smart Meter will track energy reduction and you’ll be banking carbon credits. The more you install, the more you’ll earn each year.
It’s wise to enrol early as you’ll need at least a year’s worth of home energy data before an installation, so that a comparison can be made.
It depends on how recent your installation was. If it was in the last month or so, then you will be able to enrol. Any longer and we will not have the historic smart meter data we need for our calculations.
For carbon cashback to be verified properly, you’ll need at least a year’s worth of home energy data monitored before any installations can be made to be eligible.
One common concern about Carbon Cashback is that it supports greenwashing, allowing companies to claim that they’ve done more for the environment than they have.
Here at Snugg we make sure that all companies we sell to are pro-actively addressing their own emissions before purchasing and retiring carbon credits.
Carbon credits generally were set up by the UN to support climate action wit the help of private finance through enabling companies to purchase carbon credits. In fact, a recent industry report* found that companies that buy carbon credits in the voluntary market are doing more to tackle their emissions that companies that don’t.
* 2023 All in on Climate: The Role of Carbon Credits in Corporate Action
We are the first company to leverage smart meter data to generate carbon credits for homeowners.
Our credits are generated through Verra’s VCS program. Verra is the single largest carbon credit certifier in the world.
Energy efficiency credits have previously been very difficult to create owing to the data required to make the robust and credible. Snugg has changed this by leveraging smart meter data to make the process seamless for homeowners, and more robust than it has ever been before.
How much you earn depends on the amount of energy you save that year and the market rate for a Credit, which changes constantly.
As of February 2025, they’re worth about £78 for each tonne of CO2 saved - one Carbon Credit.
As an example, if you installed double glazing and insulation, you might reduce your energy use by 1.5t of Carbon.
Each year, that could be £117. Over 10 years, that might be worth £1,170. Keep in mind that the value changes each year based upon demand, however.
Keeping your data safe and secure is important to us - we’ll never sell your data and will only share with our partners for the purpose of Carbon Credit verification.
We need to make sure the credits we generate are genuine emission reductions and we are audited by an external third party every time we request one to be issued. Rest assured; we only share your data with our auditor if your home is chosen as part of the audit.
Hey! We’re a small company based in Edinburgh, on a mission to help homeowners make clearer financial decisions when they’re improving their home for better energy efficiency. We provide an app which helps people weigh up the pros and cons of installations and find the right ones for their home and budget.