<p>Renewable Energy is a pre-eminent parameter for sustaining a nation’s development pertaining to reduction of CO₂ emissions and reliance on fossil fuels. Solar PhotoVoltaic (PV) System directly captures the sun’s energy for electricity generation and due to this ease of implementation it stands as one of the major contenders of the renewable sector. The solar industry in its 45 years long journey has evolved but still disparity in terms of output efficiency persists. This review paper is the deep study of major aspects of the solar PV system that can overall enhance plant performance. This study mitigates solar energy losses and also reviews the potential solution available. The challenges are categorized in three sections: (i) Core (ii) Auxiliary (iii) advanced solar PV system. The section core considers analysis on PV materials from crystalline Silicon to perovskite solar cells. This research paper explores soiling and temperature impediments and solutions under auxiliary technology; along with floating and agrivoltaic advanced PV systems. This work will serve as a valuable platform for scholars to develop in depth knowledge and practical skills in solar PV technology, contributing to the advancement of sustainable energy solutions.</p>