Photovoltaic (PV) cells are able to absorb about 80% of the solar spectral irradiance, however, certain percentage accounts for electricity conversion depending on the cell technology employed. The remainder energy however, can elevate the silicon junction temperature in the PV encapsulation perilously, resulting in deteriorated performance. Temperature rise at the PV cell level is addressed as one of the most critical issues that can seriously degrade and shortens the life-time of the PV cells, hence thermal management of the PV module during operation is considered essential. Hybrid PV designs which are able to simultaneously generate electrical energy and utilize the waste heat have been proven to be the most promising solution. In this study, theoretical investigation of a hybrid system comprising of thermoelectric generator integration with a heat pipe-based Photovoltaic/Thermal (PV/T) absorber is proposed and evaluated. The system presented incorporates a PV panel for direct electricity generation, a heat pipe for excessive heat absorption from the PV cells and a thermoelectric generator (TEG) performing direct heat-to-electricity conversion. A mathematical model based on the energy balance within the system is developed to evaluate the performance of the hybrid integration and the improvements associated with the thermal management of PV cells. Results are presented in terms of the overall system efficiency compared to a conventional PV panel under identical operating conditions. The integration of TEG modules with PV cells in such way aid improving the performance of the PV cells in addition to utilizing the waste-heat available, leading to enhanced output power. The system presented can be applied in regions with hot-desert climates where electricity is considered of a higher demand than thermal energy. (C) 2016 Elsevier Ltd. All rights reserved.