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Microgrid is a practical way to integrate conventional and renewable energy sources in small premises. This paper mainly performs a techno-economic analysis of microgrid deployment in Jordan, and analyzes the performance and economic impact of hybrid renewable energy systems for a selected household within the University of Jordan region. Different scenarios were constructed based on the maximum, minimum and average of solar radiation and wind speed data in 2007~2016. In addition, three hybrid renewable energy systems were investigated for the microgrid to the household, namely, (1) photovoltaic generator, wind turbine, diesel generator and battery bank, (2) photovoltaic generator, wind turbine and battery bank, and (3) diesel generator. The comparison shows that the lowest net present cost ($33,547) and lowest electricity cost ($0.237/kWh) were observed in the first hybrid renewable energy system in the scenario of the maximum solar radiation and wind speed. Therefore, the optimal configuration of the hybrid renewable energy system for the microgrid includes: a 1.3kW photovoltaic generator, a 9kW wind turbine, a 1.6kW diesel generator, and a bank of 6 batteries. [ABSTRACT FROM AUTHOR]