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Hybrid photovoltaic installations, defined as on-grid PV system in cooperation with battery energy storage system (BESS), are still rare among the typical investors because the investment cost of the hybrid installation is significantly higher than the one of the on-grid system. However, while considering the broader perspective, such as environmental or technological aspects, the mentioned solution can be competitive with photovoltaic on-grid systems and therefore should be carefully tested in the widest possible context. In this study, the authors compared 3.05 kW of peak power hybrid and on-grid installations operating in temperate climate conditions (Eastern Poland) using economic indicators, such as dynamic generation cost (DGC) and benefit–cost rate (BCR); environmental impact indicators (IMPACT 2002+ and GWP 100a) determined using Life Cycle Assessment (LCA); and technological aspects consideration, including the reliability of examined systems. Creating a ranking of the considered solutions based on the equal weighting factors assigned to the appropriate features allows indicating the technological areas where the competitiveness of hybrid systems justifies the increased investment costs. One such area is business, where the economic criterion, the only negatively assessed one in the standard operation, can be radically changed by the possible financial losses due to interruption of energy supply.