Power generation and its storage using solar energy and hydrogen energy systems is a promising approach to overcome serious challenges associated with fossil fuel-based power plants. In this study, an exergoeconomic model is developed to analyze a direct steam solar tower-hydrogen gas turbine power plant under different operating conditions. An on-grid solar power plant integrated with a hydrogen storage system composed of an electrolyser, hydrogen gas turbine and fuel cell is considered. When solar energy is not available, electrical power is generated by the gas turbine and the fuel cell utilizing the hydrogen produced by the electrolyser. The effects of different working parameters on the cycle performance during charging and discharging processes are investigated using thermodynamic analysis. The results indicate that increasing the solar irradiation by 36%, leads to 13% increase in the exergy efficiency of the cycle. Moreover, the mass flow rate of the heat transfer fluid in solar system has a considerable effect on the exergy cost of output power. Solar tower has the highest exergy destruction and capital investment cost. The highest exergoeconomic factor for the integrated cycle is 60.94%. The steam turbine and PEM electrolyser have the highest share of exergoeconomic factor i.e., 80.4% and 50%, respectively.(c) 2022 Hydrogen Energy Publications LLC. Published by Elsevier Ltd. All rights reserved.