MEPCO (Multan Electric Power Company) provides solar net metering services that let users offset their electricity bills by feeding excess solar power back into the grid. This system helps homeowners and businesses reduce electricity costs while contributing to a sustainable energy future.
Quick Summary
MEPCO’s solar net metering system allows consumers to generate their own electricity using solar panels and sell excess power back to the grid. A recent policy update by the Government of Pakistan has sparked discussions, but the good news is that existing users remain unaffected. The policy now ensures fairness for non-solar users while still making solar energy a great investment. With lower solar panel prices, the return on investment is even faster than before.
Solar Net Metering
If you are already using solar net metering, there’s no need to worry. Your agreement will remain unchanged, and no modifications have been made to it.
Lower and middle-income consumers who do not use solar net metering will no longer have to pay subsidies for solar users.
This new system has been introduced to make the policy more fair and balanced.
Is it still worth investing in solar?
- If you are planning to install a new solar system, it remains a great investment.
- The net metering rates have been adjusted to ensure the system remains sustainable, but the return on investment is still attractive.
- The most important factor: Solar panel prices have decreased, meaning your investment will pay off even faster than before.
So, if you’re considering solar net metering, it is still a wise decision.