In this paper, an exergoeconomic analysis has been carried out and on the basis of this analysis it has been concluded that in terms of energy saving the glazed hybrid photovoltaic thermal (PVT) module air collector offers a greater potential compared to PV module. The experimental validation for glazed hybrid PVT module air collector has also been performed and it has been observed that there is a good agreement between the theoretical and experimental values with correlation coefficient in range of 0.96-0.99 and root mean square percentage deviation in range of 2.38-7.46. The experiments have been carried out on clear days during the month July 2010 to June 2011. For the validation of theoretical results with experimental results, a typical day of winter month (December 08, 2010) and summer month (April 11, 2011) has been considered. An experimental uncertainty for December and April month is 11.6% and 2.1% respectively. The annual overall thermal energy and exergy gain are 1252.0 kWh and 289.5 kW h respectively. The annual net electrical energy savings by glazed hybrid PVT module air collector is 234.7 kW h. (C) 2012 Elsevier Ltd. All rights reserved.