Building integrated photovoltaic thermal (BIPVT) system has the potential to become a major source of renewable energy in the urban environment. In this paper, the system has been used as the roof top of a building to generate higher electrical energy per unit area and to produce necessary thermal energy required for space heating. One-dimensional transient model has been developed using basic heat transfer equations. On the basis of this model, an analysis has been carried in order to select an appropriate BIPVT system suitable for the cold climatic conditions of India. The PV performances, net energy gain and exergy of the building are determined. The results show that for a constant mass flow rate of air the system connected in series gives a better performance whereas for a constant velocity of air flow the system connected in parallel gives a better performance. The BIPVT system, fitted on the rooftop in an effective area of 65m2, is capable of annually producing the net electrical and thermal exergies of 16,209kWh and 1531kWh, respectively, at an overall thermal efficiency of 53.7%.