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Photovoltaic power generation can directly convert solar energy into electricity, but most of the solar energy absorbed by the photovoltaic panel is converted into heat, which significantly increases the operating temperature leading to a reduction in the power generation efficiency of the panels. To reduce the working temperature of photovoltaic panels and improve the photoelectric conversion efficiency, this paper installs aluminum fins and air channels at the traditional photovoltaic cell back sheets and cools them with forced-circulation cooling through fans. The relationships between fin spacing, fin height, air channel inlet wind speed and panel temperature, power generation, and electrical efficiency were investigated. The results show that the temperature of the photovoltaic panel decreases and then increases with the decrease of the fin spacing during natural convection and gradually decreases with the increase of the fin height. The use of forced-circulation cooling technology can effectively reduce the PV panel temperature and increase the net power generation. When the solar radiation intensity is 1000 W/m2, the ambient temperature is 35°C, the fin spacing is 6 mm, the height is 80 mm, the inlet wind speed is 1 m/s, the net generating power reaches the maximum value, and the net generating power and the electrical efficiency are increased by 14.6% and 2.25%, respectively. [ABSTRACT FROM AUTHOR]