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ABSTRACT
Tapping of renewable energy sources like solar and wind is given great priority by power producers all over the world. Technical problems of linking them to the grid are solved. The cost constraints of utilizing renewable energy at specific locations are to be determined. In this work, a model is developed for grid tied hybrid power system (HPS) consisting of photovoltaic (PV) module and wind mill at the roof top of smart premises. The grid is capable of delivering and receiving energy. Objective function is formed with constraints taking into account the cost of PV module, wind mill, and grid tied inverter with controller. The constraints are rating of HPS and energy that can be delivered to the grid. Using this model, case studies were conducted in three locations in India, each location having two different demands. The results are presented. With the optimal rating of HPS, results shows that, conventional energy cost is higher.