The characteristics of a PV (photovoltaic) module is non-linear and vary with nature. The tracking of maximum power point (MPP) at various atmospheric conditions is essential for the reliable operation of solar-integrated power generation units. This paper compares the most widely used maximum power point tracking (MPPT) techniques such as the perturb and observe method (P&O), incremental conductance method (INC), fuzzy logic controller method (FLC), neural network (NN) model, and adaptive neuro-fuzzy inference system method (ANFIS) with the modern approach of the hybrid method (neural network + P&O) for PV systems. The hybrid method combines the strength of the neural network and P&O in a single framework. The PV system is composed of a PV panel, converter, MPPT unit, and load modelled using MATLAB/Simulink. These methods differ in their characteristics such as convergence speed, ease of implementation, sensors used, cost, and range of efficiencies. Based on all these, performances are evaluated. In this analysis, the drawbacks of the methods are studied, and wastage of the panel’s available output energy is observed. The hybrid technique concedes a spontaneous recovery during dynamic changes in environmental conditions. The simulation results illustrate the improvements obtained by the hybrid method in comparison to other techniques.