Precise solar radiation forecasting is of great importance for solar energy utilization and its integration into the grid, but because of the daily solar radiation’s intrinsic non-stationary and nonlinearity, which is influenced by a lot of elements, single predicting models may have difficulty obtaining results with high accuracy. Therefore, this paper innovatively puts forward an original hybrid model that predicts solar radiation through extreme learning machine (ELM) optimized by the bat algorithm (BA) based on wavelet transform (WT) and principal component analysis (PCA). First, choose the meteorological variables on the basis of Pearson coefficient test, and WT will decompose historical solar radiation into two time series, which are de-noised signal and noise signal. In the approximate series, the lag phase of historical radiation is obtained by partial autocorrelation function (PACF). After that, use PCA to reduce the dimensions of the influencing factors, including meteorological variables and historical radiation. Finally, ELM is established to predict daily solar radiation, whose input weight and deviation thresholds gained optimization by BA, thus it is called BA-ELM henceforth. In view of the four distinct solar radiation series obtained by NASA, the empirical simulation explained the hybrid model’s validity and effectiveness compared to other primary methods.