Hybrid renewable energy systems (HRES) are proving a promising solution for rural electrification in India, where grid power availability is limited. This paper aims to identify the optimal design and pre-feasibility techno-economic analysis of the hybrid grid-independent renewable system for rural electrification. The proposed hybrid system integrates the various renewable energy system configurations to provide continuous power for the electric load demands of Kanakadri palle village, Andhra Pradesh, India. HOMER software is utilized to design the proposed hybrid system, perform optimization, techno-economic analysis, and simulation. Here, six different hybrid system configurations were taken into account to perform a comparative economic analysis. The results obtained shows that one of the hybrid systems, PV/DG/converter/battery system (120 kW-PV modules, 54 kW-DG, 200 number of batteries with 260 Ah ratings, and 50 kW-power converters), is the least economical optimal system based on least net present cost and Levelized cost of energy (COE), highest renewable fraction, and zero unmet electric loads percentage (NPC: $341 280, COE: $0.217, highest renewable fraction: 96.6% and unmet electric loads: 0%). For the site considered, this optimal hybrid system can provide a reliable power supply to the total energy requirements of 332.97 kWh/d and achieve 75.68% carbon emission reduction compared to a diesel generator. Moreover, the comparison of different system configurations was carried out based on economic analysis. This analysis shows that proposed hybrid system can be an appropriate model to provide reliable power at a low generation cost for the village considered in this study and can be recommended for future electrification projects.