The performance of a solar photovoltaic/thermal (PV/T) collector with single crystal silicon PV cells in a hybrid energy generation unit, which generates heat and electricity simultaneously at comparatively low temperatures, has been analysed in this work. The thermal and electrical performances of independent PV and PV/T collectors with water, ethylene glycol (EG) or their mixtures at different ratios as coolants are studied experimentally and results reported. The overall energy efficiency of a PV/T collector has been measured with different collector fluids, and it is found that the efficiency of a PV/T collector increases exponentially with thermal conductivity of the collector fluid. For a PV/T collector, water is a better coolant than EG, with an overall efficiency enhancement by 25% or more. This is attributed to high thermal conductivity of water compared to EG. By varying the ratio of water and EG in water-EG mixture, the thermal conductivity of the heat transfer fluid is varied, and an empirical relation between thermal efficiency and collector thermal conductivity for a solar PV/T system is obtained and reported. Water based PV/T collector system is modelled in TRNSYS, and the approach validated by comparing its predicted collector temperature and output power with those of a pure PV panel. The electrical power obtained from the experiment fits well with simulation results. (C) 2016 Elsevier Ltd. All rights reserved.