#time-3-icon {
fill: green;
}
.my-svg-alternate {
display: none;
}
.no-svg .my-svg-alternate {
display: block;
width: 100px;
height: 100px;
background-image: url(image.png);
}
<svg width="96px" height="96px" viewBox="0 0 512 512" enable-background="new 0 0 512 512" xml:space="preserve">
<path id="time-3-icon" d="M256,50C142.229,50,50,142.229,50,256c0,113.77,92.229,206,206,206c113.77,0,206-92.23,206-206
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C417,344.977,344.992,417,256,417z M382.816,265.785c1.711,0.297,2.961,1.781,2.961,3.518v0.093c0,1.72-1.223,3.188-2.914,3.505
c-37.093,6.938-124.97,21.35-134.613,21.35c-13.808,0-25-11.192-25-25c0-9.832,14.79-104.675,21.618-143.081
c0.274-1.542,1.615-2.669,3.181-2.669h0.008c1.709,0,3.164,1.243,3.431,2.932l18.933,119.904L382.816,265.785z"/>
</svg>
<image class="my-svg-alternate" width="96" height="96" src="ppngfallback.png" />