New solar net metering rates confirmed at Rs 10

The government has revised solar net metering rates, reducing the buyback price from Rs 27 to Rs 10 per unit for rooftop solar users. There will be no tax on electricity sold to the grid, but consumers will still pay an 18% sales tax on grid electricity. The changes aim to balance tariffs and promote solar energy adoption. Existing net metering consumers will not be affected, and their contracts will remain unchanged. The payback period for new solar installations is estimated at 3.5 to 4 years. Following the policy update, solar panel prices have decreased by Rs 2 per watt, lowering installation costs by Rs 35,000 to Rs 175,000. Off-grid solar systems are not impacted by the new net metering policy.