In this paper, a new renewable energy-based cogeneration system for hydrogen and electricity production is developed. Three different methods for hydrogen production are integrated with Rankine cycle for electricity production using solar energy as an energy source. In addition, a simple Rankine cycle is utilized for producing electricity. This integrated system consists of solar steam reforming cycle using molten salt as a heat carrier, solar steam reforming cycle using a volumetric receiver reactor, and electrolysis of water combined with the Rankine cycle. These cycles are simulated numerically using the Engineering Equation Solver (EES) based on the thermodynamic analyses. The overall energetic and exergetic efficiencies of the proposed system are determined, and the exergy destruction and entropy generation rates of all subcomponents are evaluated. A comprehensive parametric study for evaluating various critical parameters on the overall performance of the system is performed. The study results show that both energetic and exergetic efficiencies of the system reach 28.9% and 31.1%, respectively. The highest exergy destruction rates are found for the steam reforming furnace and the volumetric receiver reforming reactor (each with about 20%). Furthermore, the highest entropy generation rates are obtained for the steam reforming furnace and the volumetric receiver reforming reactor, with values of 174.1 kW/K and 169.3 kW/K, respectively. Additional parametric studies are undertaken to investigate how operating conditions affect the overall system performance. The results report that 60.25% and 56.14% appear to be the highest exergy and energy efficiencies at the best operating conditions. (C) 2020 Hydrogen Energy Publications LLC. Published by Elsevier Ltd. All rights reserved.