This paper introduces a comprehensive approach for sizing grid-connected hybrid renewable energy systems tailored for electric bus fleet operations. The study involves two main steps. First, a mathematical model that optimizes the configuration of such systems by considering daily electric bus consumption, solar irradiance, wind speed, and biomass potential is formulated. The model utilizes Pareto frontier multi-objective optimization to minimize the net present cost, the cost of energy, and greenhouse gas emissions. Second, the model is rigorously applied and tested in a real-world case study in Fez, Morocco, using HOMER Pro; the case study centers on the daily energy requirements of the buses, estimated at 2.5 megawatt hours per day, with a peak demand of 345 kilowatts. Two scenarios are explored, revealing a discernible trade-off dilemma between the full hybrid renewable energy scenario (Scenario 1) and the grid-connected hybrid renewable energy scenario (Scenario 2). In Scenario 2, the grid-connected hybrid renewable energy system demonstrates a notable 42.8% reduction in the net present cost, totaling USD 984,624. Similarly, the levelized cost of energy experiences a significant decrease, reaching approximately 0.08 USD/kWh, marking a 38.1% reduction. However, this apparent economic advantage is juxtaposed with a critical consideration—an increase in greenhouse gas emissions from null to 330,418 kg/year.