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As the FACTS controllers are an inequitable part of power system due to their fast and very flexible control. With the enhancement of FACTS technology, their role in the marginal cost determination should be considered taking their cost function into account. The aim of this paper is to compare the optimal performance of static VAR compensator (SVC) in voltage stability enhancement problem. During last decade, FACTS devices are broadly used for maximizing the margin of voltage stability and loadability of existing power system transmission networks. To get the optimal system, cost analysis might be necessary. In the cost analysis of SVC, authors analyzed the installation cost of SVC devices in USD, the cost of SVC in USD/KVAR and the average value of installation cost for given systems. Here, the voltage stability enhancement problem is solved applying Gravitational Search algorithm incorporating SVC. The following conditions are investigated with the incorporation of SVC: the role of SVC for improving the voltage profile, loss minimization and the approximate analysis on cost recovery and payback period with SVC in voltage stability enhancement problem. With this motivation, the location of SVC is finalized through weak bus identification methods. Voltage stability indices namely Fast Voltage Stability Index (FVSI) is utilized to identify weak buses in the systems. For calculation of the Size of SVC, an optimization routine Gravitational Search Algorithm (GSA) is established. The main purpose of optimization is to minimize the FVSI. The proposed approach has been tested on three standard IEEE bus systems with different loading scenarios. General Terms: Flexible AC Transmission System (FACTS), Marginal Cost, Voltage Stability Assessment, Static VAR Compensators.