In this communication, an attempt has been made to evaluate exergy analysis of a hybrid photovoltaic-thermal (PV/T) parallel plate air collector for cold climatic condition of India (Srinagar). The climatic data of Srinagar for the period of four years (1998-2001) has been obtained from Indian Metrological Department (IMD), Pune, India. Based on the data four climatic conditions have been defined. The performance of a hybrid PV/T parallel plate air collector has been studied for four climatic conditions and then exergy efficiencies have been carried out. It is observed that an instantaneous energy and exergy efficiency of PV/T air beater varies between 55-65 and 12-15%, respectively. These results are very close to the results predicted by Bosanac et al. [Photovoltaic/thermal solar collectors and their potential in Denmark. Final Report, EFP Project, 2003, 1713/00-0014, www.solenergi.dk/rapporter/pvtpotentiatindenmark.pdfl. (C) 2006 Published by Elsevier Ltd.