Solar Energy a clean renewable resource with zero emission, has got the tremendous potential for energy which can be harnessed using a variety of devices. With recent developments in the solar energy field, solar energy systems are easily available for industrial and domestic use with the added advantage of minimum maintenance and cost. Solar energy could be made financially viable with incentives and rebates offered by the government. Most of the developed countries, as well as developing countries, are switching over to solar energy as one of the prime renewable energy sources. It is an important source of renewable energy and its technologies are broadly characterized as either passive solar or active solar depending on how they capture and distribute solar energy or convert it into solar power so as to minimize cost. Active solar techniques focus on the use of photovoltaic systems, concentrated solar power and solar water heating to harness the energy and use it efficiently. Passive solar techniques mainly focus on orienting a building to the Sun, selecting materials with favorable thermal mass or light dispersing properties, and designing spaces that naturally circulate air. This paper analyses the economic feasibility of investments in industrial PV systems. On Implementing the Solar PV system, highly encouraging results have been obtained.