Poly(ethylene glycol) (PEG) boasts excellent thermal energy storage capabilities but lacks efficiency in thermal conductivity and solar absorption. Simultaneously, the escalating concern surrounding the substantial volume of discarded cotton fabric underscores environmental issues. In this study, we devised composite phase change materials (PCMs) by embedding PEG into a carbon cotton material (CCM), varying PEG content from 50 to 80%, and conducted a comprehensive analysis of their thermal properties and solar-to-thermal conversion. The CCM, crafted from a waste 100% cotton towel through carbonization, provided an optimal porous structure that accommodated a significant 70% PEG content without any leakage, thanks to interactions such as surface tension, capillary forces, and interfacial hydrogen bonds. These PEG/CCM composites exhibited impressive crystallization fractions (>92%), resulting in notable thermal energy storage capacities ranging from 85.3 to 143.2 J/g as the PEG content increased from 50 to 80%. Moreover, these composites showed high thermal stability and exceptional cycling durability even after 500 melting/crystallization cycles. Notably, their thermal conductivities markedly increased to a range of 0.46−0.85 W/m•K compared to pure PEG's modest 0.24 W/m•K. Furthermore, the PEG/CCM composites substantially augmented visible and near-infrared (VIS-NIR) light absorption. Evaluation of solar-to-thermal conversion illustrated the composite's ability to efficiently convert solar energy into thermal energy, storing and subsequently releasing it through melting and crystallization processes. This study introduces a novel class of composite PCMs characterized by cost-effectiveness, outstanding thermal performance, and impressive solar-to-thermal conversion capabilities. These composite PCMs hold significant promise for large-scale solar-to-thermal energy storage applications while contributing to the sustainability of cotton waste management.