With the rapid evolution of photovoltaic systems and technologies, many challenges arise in their installation and operation. Since both developed and developing countries have a significant proliferation of solar PV systems both on grid and off grid, suitable technological solutions must be proposed to mitigate such challenges. In this review paper, recent advances in all different generations of available solar PV technologies cell are discussed, with the main emphasis on solar panel temperature control via various cooling technologies. Furthermore, a matching of PV panels and corresponding cooling method is presented, with a focus on PV/T systems. Life cycle assessment analysis (LCAA) for PV and PV/T systems including environment and economy is also discussed. Future recommendations are made to facilitate and evaluation of the most challenges faced the PV cooling technologies.