This episode covers a project undertaken during the third year of my undergraduate studies at Sri Ramanathan Engineering College, Tiruppur. The project involved the modelling and simulation of fuel cell based system for residential load. The report focuses on modeling, controlling and the simulation of PEMFC based power supply system for residential applications. Simulation of closed loop control of fuel cell based system is carried out in MATLAB-SIMULINK environment. Life cycle costing analysis is done to check economic feasibility of the entire system.