The economic and environmental performance assessment of the solar system plays a critical role in building design, operation and retrofit. A dedicated economic model is necessary to assess the investment feasibility on a new technology, which allows investors to decide on a profitable investment, compare investment projects and know about the benefits of the best investment. An environmental model is adopted to predict carbon emission reduction in the solar system relative to the traditional heating and electronic systems. This chapter introduced three up-to-date solar system models and corresponding assessments related to their applications, including solar photovoltaic/loop heat pipe (PV/LHP) heat pump water heating system, loop heat pipe-based solar thermal facade (LHP-STF), heat pump water heating system as well as solar thermal facade (STF). The research results will be able to assist in decision-making in implementation of the proposed PV/T technology and analyses of the associated economic and environmental benefits, thus contributing to realization of regional and global targets on fossil fuel energy saving and environmental sustainability.