Using the full-potential linearized augmented plane wave plus local orbitals method within the frame work of density functional theory, the Sc-based double halide perovskites K2ScAgZ6 (Z = Cl, Br, I) are investigated for determining their physical properties. To investigate the structural and thermodynamic stability of these Sc-based double halide perovskites we calculate tolerance factor, formation energy, and phonon dispersion curve using GGA-PBEsol approximation. The calculated values of lattice parameters using GGA-PBEsol are found to be consistent with the available data. Subsequently, the Tran-Blaha modified Becke-Johnson (mBJ-LDA) potential is used for electronic properties. Implementation of TB-mBJ potential is clearly shows that K2ScAgZ6 have indirect bandgap, which is consistent with the literature. To evaluate these double perovskites and reveal their potential use in optical devices, several optical parameters are computed for an incident photon energy range of 0–8 eV. The BoltzTraP code is also employed to investigate temperature dependent electrical characteristic of these compounds in the temperature range of 200–600 K. Investigated halide double-perovskites have been shown to display excellent physical properties for solar cells and renewable energy device applications.