One of the most widely used energy sources nowadays is nonrenewable, but the excessive consumption of these resources leads to environmental issues. Therefore, renewable energy sources have received much attention, including photovoltaic energy. A novel technology known as “third‐generation solar cells” is being studied, and in this class, the polymeric solar cells (PSCs) and the perovskite solar cells (PVSKs) can be highlighted. Several researchers are trying to find new ways to improve the energy conversion efficiency (PCE) and long‐term stability of these devices. In particular, PVSK has already demonstrated high PCE, but there is still a long way to go to develop more stable and better processable devices for large‐scale production. In the case of PSC, processability is a positive factor since its flexible films have great mechanical stability and can be processed in roll‐by‐roll systems. However, efficiency is still a challenge for researchers. Nevertheless, both types of devices are good alternatives for silicon cell substitution. However, further studies are needed to address the inherent problems of each device technology and move to large‐scale production.