North Cyprus is among the countries, which have faced energy crisis due to lack of reliable resources of energy. To tackle this problem utilizing PV technology is suggested as an option. It would serve a broad range of purposes such as enhancing the sustainability of buildings, decreasing use of fossil fuels and consequently reducing pollution. The present study aims at investigating the degree of economic efficiency of photovoltaic systems in terms of their effect on the economy of households in North Cyprus. The research seeks to find out, if PV systems are sufficiently sustainable to be introduced as sources of electricity generation and as alternatives to conventional technologies to the public in North Cyprus. Moreover, a comparative approach is employed to find out the differences and similarities between the level of economic efficiency and thermal comfort provided by PV systems in two Mediterranean countries of Italy (which is considered the second PV user in the world) and North Cyprus. A questionnaire was designed to analysis the status of photovoltaic systems in two contexts of Italy and North Cyprus and to explore the views and level of satisfaction of residential PV users. Data analysis expressed that the majority of PV users are satisfied with the application of the system in terms of its economic efficiency.