The advent of new technology and steep fall in cost of photo voltaic (PV) systems has rendered feed -in-tariff (Fit) scheme obsolete.  Net metering mechanis m provides usages of a bidirectional meter which has facility to record both import and export energy values. In net metering, prime focus is on utilizing self-produced electricity by renewable energy sources and excess or surplus is sold to utilities or grid. It results into reduction of electricity bills. Solar photovoltaic system is used significantly in net metering. The study on analyses the annual savings of electricity and economic feasibility in solar rooftop photovoltaic system. The study shows that lower payback period is achieved with solar rooftop photovoltaic system.  And in this the along with the net metering system we also do the load management system which the load can be switches of during the day time and it can be on during the night time. And if the guest switch on the maximum load during peak time, that particular load can be turned off.