“…However, O&M cost is required to cover the cleaning expenditures of PV modules, inverter replacement cost, and any possible contingency. The initial capital cost of 1000 USD/kW (Akbar et al, 2020), annual O&M cost of 10.0 USD/kW (Ikram et al, 2021), inflation rate of 10 % (Asad et al, 2022), electricity export rate of 0.09 USD/kWh (Ahmed et al, 2021), debt ratio of 50 % (Khalid and Junaidi, 2013), debt interest rate of 9.75 % (Mehmood et al, 2022), discount rate of 9% (Khalid and Junaidi, 2013), electricity export and fuel cost escalation rate of 2% (Rauf et al, 2022), project life of 25 years (Rauf et al, 2022), and debt term of 10 years (Khalid and Junaidi, 2013) were used in the energy model based on the studies and quotations from PV system installers in the local market. Using defined input economic parameters, annual lifecycle savings, benefit-cost ratio, NPV, IRR, SPBP, LCOE, etc.…”