Renewable energy sources and sustainability have been attracting increased focus and development worldwide. Qatar is no exception, as it has ambitious plans to deploy renewable energy sources on a mass scale. Qatar may also investigate initiating and permitting the deployment of rooftop photovoltaic (PV) systems for residential households. Therefore, a research gap has been introduced regarding the system design, grid compatibility, economic viability, and energy consumption produced from household rooftop PV systems. Additionally, the lack of supporting policies and a feed-in tariff creates further research and development topics. Therefore, using collected data regarding household power consumption and rooftop PV generation, the purposes of this research study are as follows: (1) determining the economic aspects and practicality of using energy storage systems for self-consumption values; and (2) evaluating the economic viability of rooftop PV systems under different policies and electricity rate schemes. The insights of the results of this study can serve as a stepping stone for decisions and policymakers regarding the application of rooftop PV systems in Qatar. This study utilizes empirical evidence and an economic model to evaluate rooftop PV systems in Qatar and can also be applicable in the middle east region. A few studies in the region produce complementary results, which further supports our findings; however, what makes this paper unique is the use of different economic tools and real collected data while investigating multiple economic and energy policy scenarios.