The estimation of solar photovoltaic (PV) system with help of electrical model parameters, such as photon generated current, the diode saturation current, series resistance, shunt resistance, and diode ideality factor, are desirable to predict the real performance characteristics of solar PV under varying environmental conditions. Finally, performance indices, such as PV characteristics curve are estimated for the various solar PV panels, using Newton Raphson (NR) to reveal the effectiveness of the proposed method. Also, validation with `experimental data has been considered. Finally, through the comparative analysis of the results, it is revealed that the proposed method offers solar PV characteristics closer to the real characteristics.