Sustainable Energy Development Authority figures show the country saw around 94 MW of new rooftop generation capacity added in the first 11 months of last year. That compares to less than 14 MW in the previous three years.
The growing popularity of net metering, according to Seda, is down to the Net Energy Metering 2.0 program, which permits the sale of excess power to the grid on a one-for-one basis versus grid power kilowatts consumed. Under the previous regime, exported energy carried less value than consumed grid power. “This has managed to reduce the period for return of investment to a mere three years, especially for commercial and industrial installations, which [have] also benefited from the various tax incentives given by the government,” said the authority.