In present analysis, a comparative study has been carried out to evaluate the annual performances of three systems or cases at constant flow rate, namely: case (i): partially covered (25% PV module) N concentrated photovoltaic thermal collectors connected in series, case (ii): fully covered (100% PV module) N concentrated photovoltaic thermal collectors in series and case (iii): N (0% PV module) convectional compound parabolic concentrator collector connected in series. Comparison for three cases has also been carried out by considering fluid namely: ethylene glycol for higher outlet temperature and better thermal performance which can be applicable for heating and steaming or small industry purpose. The embodied energy, energy matrices, uniform annual cost, exergetic cost and carbon credits are also evaluated for same systems. The energy payback time is found to be 5.58 years and energy production factor is to be 0.17 on energy basis for case (iii) which is maximum. The exergetic cost has computed as 17.85 Rs/kW h for 30 years of life time of the system. It is observed that N conventional compound parabolic concentrator collector [case (iii)] is most suitable for steam cooking or space heating but not self-sustainable to run the dc power motor due to unavailability of electrical power. (C) 2017 Elsevier Ltd. All rights reserved.