Abstract
In this paper, an economic analysis for a grid connected residential photovoltaic system in Malaysia is presented. The Feed in Tariff (FiT) and recently introduce Net Metering Policy (NEM) were described. The payback period and return on investment for the residential scale photovoltaic system were calculated and compared for both policies. For small usage that less than rm250, FiT has a lower payback period of 6 years compared to 9.33 years for NEM. On the other hand, for usage of RM500 or larger, NEM policy has a smaller payback period of 5.33 year in compare to FiT which has higher payback period due to decreasing incentive value over the contract period. Thus, the recently introduced NEM policy will be an attractive scheme for consumers who have high electricity consumption.
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