Heat in underground mines is a major cause for concern as it has significant adverse effects on both the health and safety of underground mines workers. Therefore, effective heat management strategies are essential. The most common method of cooling for underground mines is ventilation. If the ambient air temperature above the mine is cool enough, sending this air underground may be sufficient to cool the mine. However, in instances where depth and rock temperatures become excessive, refrigeration systems may be required to supplement the ambient air. Currently the refrigeration systems used to cool underground mines are conventional vapour-compression systems. The issue with these systems is that they consume large quantities of energy from fossil fuels, which is both costly and has negative effects on the environment. Price motivation is one of the key drivers towards mining companies' shift towards increasing their consumption of renewables (Energy and Mines, 2018). Solar power is a clean and abundant source of energy, particularly within Australia, and if it can be harvested and utilised properly, provides a sustainable and effective alternative to underground mine cooling. The aim of this project was to conduct an economic analysis on the feasibility of using solar power to cool underground mines. Two different solar photovoltaic (PV) systems were compared: a solar PV system with grid connection and no battery storage and, a solar PV system with grid connection and battery storage. It was found that the solar PV system with grid connection and no battery storage was an economically feasible solution. This solar PV system has the potential to achieve total cost savings of $19.24 million (a 57% reduction in net present value), which represents a 33.59% decrease in the unit cost of electricity ($/kWh). On the other hand, the solar PV system with battery storage, was not an economically feasible solution, primarily due to the high capital costs of the batteries. However, as time increases both the cost of solar PV modules and the cost of batteries will be driven down due to economies of scale.