A techno-economic analysis for autonomous small scale photovoltaic-wind hybrid energy systems is undertaken for optimisation purposes in the present paper. The answer to the question whether a hybrid photovoltaic-wind or a single photovoltaic or wind system is techno-economically better is also sought. Monthly analysis of 8 year long measured hourly weather data shows that solar and wind resources vary greatly from one month to the next. The monthly combinations of these resources lead to basically three types of months: solar-biased month, wind-biased month and even month. This, in turn, leads to energy systems in which the energy contributions from photovoltaic and wind generators vary greatly. The monthly and yearly system performances simulations for different types of months show that the system performances vary greatly for varying battery storage capacities and different fractions of photovoltaic and wind energy. As well as the system performance, the optimisation process of such hybrid systems should further consist of the system cost. Therefore, the system performance results are combined with system cost data. The total system cost and the unit cost of the produced electricity (for a 20 year system lifetime) are analysed with strict reference to the yearly system performance. It is shown that an optimum combination of the hybrid photovoltaic-wind energy system provides higher system performance than either of the single systems for the same system cost for every battery storage capacity analysed in the present study. It is also shown that the magnitude of the battery storage capacity has important bearings on the system performance of single photovoltaic and wind systems. The single photovoltaic system performs better than a single wind system for 2 day storage capacity, while the single wind system performs better for 1.25 day storage capacity for the same system, cost.