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Solar and wind are clean energy sources with enormous potential to alleviate grid dependence. The paper aims to optimally harness the wind resource with the support of solar energy through hybrid technology for a north-east Indian state Tripura (low wind topography). Techno-economic analysis of a photovoltaic (PV)-wind hybrid simulation model has been performed for small scale application in an educational building. The study also evaluates the tangible performance of a similar plant in practical condition of the site. It has emerged from the study that major energy generation is turning out from PV segment which is promising almost all round the year. Nonetheless, a considerable amount of wind power is found to be generated during half of the year when average PV power production is comparatively less. The cost of electricity from the simulation model is found to be $0.488/kWh while renewable fraction in the total electricity share is obtained to be 0.90. From the actual performance of the plant, maximum wind penetration is observed to be 32.75%.