Transit Oriented Development (TOD) areas are locations that have limited land area. Solar PV systems are planned to be installed in these areas to support electric vehicles such as e-scooters, electric cars, motorcycles, and buses. However, solar PV systems in general require a large land area. The purpose of this paper is to find out and compare the Performance Ratios (PR) of a solar PV system installed on the rooftop with a floating solar PV system installed on the lake to determine which solar PV system fits better for TOD areas. PR analysis uses two methods, PVSyst software simulation and is validated using mathematical calculations. The result of the PR of floating solar PV is 76.39% using PVSyst simulation and 80.24% using mathematical calculation. Meanwhile, the PR of rooftop solar PV is 82.69% using PVSyst simulation and 73.41% using mathematical calculation. The significant factors that influence PR value are the energy produced by the solar PV system, its losses, and albedo value of the reflector surface for bifacial solar PV. Albedo value has to be maximized in order to obtain a higher performance ratio value. Based on this study, both rooftop and floating PV systems are equally suitable for TOD areas.