By only producing electricity and contributing to the provision of electricity, photovoltaic cells are limited in their function. There are numerous ways to evaluate the performance of photovoltaic cells. The electrical and thermal performance of such cells must typically be examined for cells that utilize thermal energy as well. The performance of a photovoltaic cell has been examined and assessed in this article from an energy and exergy standpoint. For modeling and calculating the electrical attributes of the system, such as open-circuit voltage, short circuit current, system resistances, maximum power point qualities, and characteristic curves, a computer code has been developed. The model’s results have been compared with data provided by the manufacturer and other sources in order to validate the model. This panel’s daytime energy efficiency is typically 13.19%. The instantaneous energy efficiency during the experiment ranged from 11.22% to 13.94%, with 13.94% being the highest number.