It is imperative to consider the environmental impact of energy production and its cost in deciding how to meet future energy needs. In this regard, it is possible to harness the power of the sun by using photovoltaic (PV) cells. However, when the temperature of a PV cell increases, its generation efficiency is negatively affected. The open-circuit voltage of PV modules is the most sensitive parameter to temperature changes. As the temperature rises, this parameter decreases, and the short-circuit current increases. The circuit's resistance also rises as the electrons’ speed is reduced. Temperature also affects the lifespan of PV cells, increasing the rate of thermal decay in their materials. On the other hand, when solar radiation is absorbed at lower temperatures, the system’s efficiency, power capacity, and useful life increase. PV module surface temperatures can be reduced in a variety of ways, e.g., the surface can be cooled using water. This work studied hybrid PV-thermal modules under the climate conditions of the Hatay province (Turkey) in order to assess the effect of water cooling on their generation efficiency. The results allow stating that up to 52.6% more electricity can be generated by cooling the module's surface. Additionally, it was found that, in order for PV modules to perform efficiently in Hatay's climate, they must operate at a maximum surface temperature of 55 °C.