A model of a photovoltaic (PV) powered residence in stand-alone configuration was developed and evaluated. The model assesses the sizing, capital costs, control strategies, and efficiencies of reversible fuel cells (RFC), batteries, and ultra-capacitors (UC) both individually, and in combination, as hybrid energy storage devices. The choice of control strategy for a hybrid energy storage system is found to have a significant impact on system efficiency, hydrogen production and component utilization. A hybrid energy storage system comprised of batteries and RFC has the advantage of reduced cost (compared to using a RFC as the sole energy storage device), high system efficiency and hydrogen energy production capacity. A control strategy that preferentially used the RFC before the battery in meeting load demand allows both grid independent operation and better RFC utilization compared to a system that preferentially used the battery before the RFC. Ultra-capacitors coupled with a RFC in a hybrid energy storage system contain insufficient energy density to meet dynamic power demands typical of residential applications.