PV and wind hybrid are found to be the most lucrative solution for the diminishing traditional energy sources. Whereas these alternatives sources of the energy have many remarkable rewards like cost of energy and feasibility etc. The attributes of these sources of being cost effective and stable are possible due to their complementary nature as compared to independent energy systems. Therefore, these systems have admirable capability to meet energy crisis up to some extent. The proposed work gives the idea about various configuration, control strategy, techno-economic analysis and social effect. The findings of comprehensive review will help for further improvements in hybrid system design and control with respect to practical system implementation. This paper also presents a case study of remote area Barwani, India and results are compared using Homer and PSO. The resulting analysis reveals that configurations of hybrid system are the most techno-economical feasible solution concerning COE, renewable fraction, maximum renewable penetration, levelized cost, operating cost, mean electrical efficiency, and emission amongst various hybrid system configurations using PSO as compared to HOMER. © 2017 Elsevier Ltd