In this study, we conduct the economical analysis about the floating tracking PV generation structure manufactured by steel, aluminum, and GFRP (glass fiber reinforced polymeric plastic) structural member. The structural safety of floating PV generation structure has been proved through numerous previous researches. Moreover, the generating efficiency of tracking PV generation system can be more larger than immobile system. In this study, structural analysis using the FEM method has been performed to establish the safety of the floating tracking PV generation structure and commercial viability evaluation has been performed through the cost of materials.