The visible‐light‐driven hydrogen evolution reaction (HER) by covalent photosensitizer–catalyst dyads is one of the most elegant concepts in supramolecular homogeneous solar energy conversion. The intricacies of catalyst reactivity and photosensitizer–catalyst interactions require a detailed fundamental understanding of the system to rationalize the observed reactivities. Here, we report three dyads based on the covalent imine‐bond linkage of an iridium photosensitizer and an organo‐functionalized Anderson polyoxometalate anion [MMo6O18{(OCH2)3CNH2}2]3− (M=Mn3+, Fe3+, Co3+). Modification of the central metal ion M is used to modulate the HER activity. Detailed theoretical and experimental studies examine the role of the central metal ion M and provide critical understanding of the redox activity and light‐driven HER activity of the novel dyads. Thus, the study enables a knowledge‐based optimization of HER dyads by chemical modification of the reactive metal oxide components.