Summary
In this work, performance analysis of the photovoltaic‐thermoelectric with serpentine water collector (PV‐TE‐SWC) has been carried out. For extracting the heat from the back surface of the combined PV‐TE system and to maintain a temperature gradient, a serpentine‐type tube and sheet water collector is proposed. The electrical efficiency of the designed PV‐TE‐SWC is compared with the experimental and theoretical results on a similar type of collector from the literature to validate the proposed simulated model. After that, the performance in terms of annual useful thermal energy, annual overall electrical energy, annual useful overall thermal energy, annual thermal exergy, and annual overall exergy of the PV‐TE‐SWC (case‐I) have been carried out and compared with the outcomes of a recent state‐of‐art study on PV‐TE air collector (case‐II). The average improvement in hourly overall electrical efficiency and hourly exergy gain of case‐I have been found by 5.72% and 31.34%, respectively, concerning case‐II. The study shows that the annual performance parameters, that is, overall electrical energy, overall thermal energy, and overall exergy have been observed considerably higher for case‐I by 8.4%, 14.8%, and 41.7%, respectively concerning case‐II. Further, environmental cost analysis based on the price of carbon dioxide emission has also been computed based on annual overall thermal energy and overall exergy generated from the collector.