This paper assesses the economic sides of a grid-connected PV system based on a validated model and the feed in tariff regulation in Jordan. The economic model was built based on a calibrated design model at previous work for authors. An economic analysis is conducted based on a proposed PV plant to cover the Jordan University needs of electricity, considering the Engineering Procurement Construction (EPC) and the Build-operate-transfer (BOT) engineering models and three different sun tracking methods. The analysis showed that the most feasible choice is EPC model using the fixed tracking method. The IRR was 34.4% and a simple payback period of 2.86 years.