A numerical model to predict the behavior of a novel concept of a hybrid system composed of photovoltaic-thermal solar panel and heat pipe is presented hereby. This model has been developed to assess the performance, and energy conversion process of the hybrid system as well as the individual efficiencies of this process to produce hot water and electricity. The two-dimensional heat transfer and fluid flow dynamic model was developed to describe the behavior of a hybrid system under different conditions, namely; solar irradiance, heat pipe conditions and different refrigerants. The model is based upon the dynamic mass and energy equations coupled with the heat transfer formulas, and thermodynamic properties of refrigerants as well as thermal material properties of the PV solar panel and heat pipes. Finally, the model's prediction has been validated and fairly compared with available experimental data.