Holographic lenses (HLs) are part of holographic optical elements (HOE), and are being applied to concentrate solar energy on a focal point or focal line. In this way, the concentrated energy can be converted into electrical or thermal energy by means of a photovoltaic cell or a thermal absorber tube. HLs are able to passively track the apparent motion of the sun with a high acceptance angle, allowing tracking motors to be replaced, thus reducing the cost of support structures. This article focuses on a review of the materials used in the recording of a holographic lens (HL) or multiple HLs in photovoltaic and/or concentrating solar collectors. This review shows that the use of photopolymers for the recording of HLs enables high-performance efficiency in physical systems designed for energy transformation, and presents some important elements to be taken into account for future designs, especially those related to the characteristics of the HL recording materials. Finally, the article outlines future recommendations, emphasizing potential research opportunities and challenges for researchers entering the field of HL-based concentrating solar photovoltaic and/or concentrating solar thermal collectors.