In the current research work, performance enhancement of stepped solar still (SSS) having an external reflector (ER) and glass cover cooling (GCC) arrangements is presented. The individual and combined effects of ER and GCC on the performance of SSS have been evaluated and compared with simple SSS. The GCC reduces the glazing temperature significantly and results in increased distillate. The ER reflected the solar radiation inside the basin that increases the water temperature, consequently increasing distillate. The SSS having ER and GCC (SSS‐ER‐GCC) gave a maximum distillate of 4.340 kg/m2 which was observed, respectively, 12.43%, 3.21%, and 1.36% higher than that of simple SSS, SSS with ER (SSS‐ER) and SSS with GCC (SSS‐GCC). The average energy efficiency of SSS‐ER‐GCC was evaluated as 40.78%, which was found to be 14.36%, 7.84%, and 10.64%, respectively, higher than that of simple SSS, SSS‐ER, and SSS‐GCC. The carbon credits earned and CO2 mitigation were found the maximum for SSS‐ER‐GCC having values $65.96 and 4.40 tons, respectively. The economic payback period was found the minimum (490 days) for SSS‐ER‐GCC.