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The rapid diminishing rate of gas and oil is alarming us to think about alternative sources. Renewable energy is a better solution to this problem and technologies of extracting energy from renewable energy sources are being upgraded day by day. Our target was to find out the optimum renewable energy source giving best possible power generation. In our research we analyzed the feasibility of power generation using wind and solar energy. For wind property analysis we have used Windowgrapher and for cost analysis we have used Homer. The aim of the study was to analyze the solar and wind characteristics and selecting a suitable location where both solar and wind energy are strong enough for hybrid power generation and choosing suitable PV module and wind turbine for this purpose. We analyzed the beneficiary impact of this hybrid power extraction strategy on our environment and national economy and found that this new technique adaptation can really be useful in off shore islands and high rise buildings of our country.