*2.4. Economic Assessment and System's Feasibility*

The economic feasibility of the energy system is vital as the technical feasibility wherein most of the cases, the choice of decision-makers is based on the economic feasibility of the project. The levelized cost of electricity (*LCOE*) is one of the economic parameters that is used to determine the economic feasibility of the energy systems. *LCOE* for the hybrid system can be calculated using Equation (A8) to incorporate the effect of the mismatching between the energy generation and the demand, the demand met by the hybrid system was used instead of the energy generation [45,46]. Table 2 shows all the economic parameters used in this study.


**Table 2.** The economic parameters of the PV, the wind, and the hydropower systems in addition to the electricity purchase tariff and the annual discount rate for Al-Tafilah, Jordan.
