This paper presents the results of the application of model (developed in part I) and simulation algorithm (developed in part II) for determining the techno-economics of battery storage type hybrid energy system intended to supply the load of a rural remote area having a cluster of nine villages (grid isolated). The hour-by-hour simulation model is intended to simulate a typical one month period of system operation. For simulation purpose, hourly solar insolation data and load data have been generated and used as an input data. Demand side management (DSM) is used in this study to smooth out the daily peaks and fill valleys in the load curve to make the most efficient use of energy sources. The economic analysis has resulted in the calculation of optimized hourly, daily, and monthly system unit cost of proposed hybrid energy system. The obtained results represent also a helpful reference for energy planners in Uttarakhand state and justify the consideration of hybrid energy systems more seriously.