With the escalating urgency for sustainable energy alternatives, solar power in urban landscapes has gained prominence. Building‐integrated photovoltaic (BIPV) systems are pivotal in this shift, blending efficient energy generation with architectural aesthetics. This review casts a spotlight on BIPV technologies, with a special emphasis on the less‐explored semitransparent photovoltaics (PVs). These systems are not only energy generators but also natural light facilitators, setting them apart from their opaque PV counterparts. Advancements in both transparent and opaque PV, such as crystalline silicon, are discussed. However, the paper prioritizes semitransparent PV's unique benefits, including harmonious integration with building design and simultaneous energy and daylight management. An exhaustive examination of current literature and developments sketches BIPV's trajectory, highlighting applications, challenges, and technological strides. The narrative extols the aesthetic, financial, and efficiency merits of BIPV, particularly the semitransparent variants' blend of functionality and design. Performance optimization of BIPV systems is scrutinized across various environments and architectural styles. This meticulous discussion seeks to clarify the status quo, emerging research avenues, and future prospects of BIPV in fostering a greener energy transition. The review compares BIPV configurations with traditional solar PV systems, charting a path for enhanced energy production, cost efficiency, and aesthetic integration, with semitransparent PV as a key player. By exploring the interplay between architectural design, energy efficiency, and urban planning, this paper aims to solidify the groundwork for future research, reinforcing the sustainability narrative in urban energy infrastructure.