Three main factors which affect the efficiency of any Photovoltaic system are, the efficiency of the Photovoltaic pane used, efficiency of the inverter used and efficiency of the maximum power point tracking (MPPT) algorithm used. MPPT techniques are widely used in the Photovoltaic (PV) system to extract the maximum power from the Photovoltaic system. MPPT aims that in any environmental conditions i.e for any irradiation or temperature, maximum possible energy is extracted from PV systems. In this paper, Perturb & Observe (P&O), Incremental conductance techniques of MPPT are implemented and analyzed. On the basis of the output voltage, power, current, duty cycle and efficiency of the boost converter, comparison of these techniques has been done. To extract the maximum power from the Photovoltaic system, Inverted-V Method has been developed and compared with Perturb & Observe, Incremental conductance method with the help of MATLAB Simulink software. In this paper, it has been concluded that Inverted V methods has more efficiency and performs better as compared to the other two methods. This paper could be beneficial as a quick reference for MPPT users and future research application for PV system.