In the deployment of photovoltaic systems in the residential and commercial sectors, rooftop solar scheme such as feed-in-tariffs (FIT) have had a significant impact. Although this impact benefits the prosumer, the regulation of feed-in-tariffs based on time of generation (ToG) is an important factor for further growth of its integration. The methodology framework for setting feed-in-tariffs based on time of generation is proposed and evaluated in this paper. In contrast with the conventional feed-in-tariffs and the proposed feed-in-tariffs for a simulation model, the return on investment is observed to be more due to maximized total savings upon integration of grid connected photovoltaic (PV) system. Upon investigation of the proposed framework in this paper, it was found that the total savings would be 6.87% more than the current policy adopted worldwide.