With diminishing fossil fuel resources and increasing environmental concerns, largescale deployment of Renewable Energy Sources (RES) has accelerated the transition towards clean energy systems, leading to significant RES generation share in power systems worldwide. Among different RES, solar PV is receiving major focus as it is most abundant in nature compared to others, complimented by falling prices of PV technology. However, variable, intermittent and nonsynchronous nature of PV power generation technology introduces several technical challenges, ranging from short-term issues, such as low inertia, frequency stability, voltage stability and small signal stability, to long-term issues, such as unit commitment and scheduling issues. Therefore, such technical issues often limit the amount of non-synchronous instantaneous power that can be securely accommodated by a grid. In this backdrop, this research work proposes a tool to estimate maximum PV penetration level that a given power system can securely accommodate for a given unit commitment interval. The proposed tool will consider voltage and frequency while estimating maximum PV power penetration of a system. The tool will be useful to a system operator in assessing grid stability and security under a given generation mix, network topology and PV penetration level. Besides estimating maximum PV penetration, the proposed tool provides useful inputs to the system operator which will allow the operator to take necessary actions to handle high PV penetration in a secure and stable manner.