NEPRA(National Electric Power Regulatory Authority) is set to increase electricity tariff up to Rs. 2 per unit, reports Business Recorder, May 29, 2020. What does this mean for consumers?
A higher electricity bill?? Not necessarily. In fact, an increase in electricity tariff will actually increase your savings as a solar consumer, and improve the Rate of investment (ROI) of your solar investment.
In order to determine your ROI and payback, you need to know what you are paying up front to install a project.
There are a handful of costs that you can use in the buildup of your assumptions.
In order to maximize your ROI you need to build for the lowest cost and receive the maximum output.
Generally speaking, the internal rate of return for solar projects is anywhere between 20-25% with a pay back period of 4-5 years, which will go down even further with this tariff increase.
Our solar payback and ROI calculator will help you make conscious decisions about your switch to a more environmentally friendly way to consume power.
