The increasing demand for renewable energy devices over the past decade has motivated researchers to develop new and improve the existing fabrication techniques. One of the promising candidates for renewable energy technology is metal halide perovskite, owning to its high power conversion efficiency and low processing cost. This work analyzes the relationship between the structure of metal halide perovskites and their properties along with the effect of alloying and other factors on device stability, as well as causes and mechanisms of material degradation. The present work discusses the existing approaches for enhancing the stability of PSC devices through modifying functional layers. The advantages and disadvantages of different methods in boosting device efficiency and reducing fabrication cost are highlighted. In addition, the paper presents recommendations for the enhancement of interfaces in PSC structures.