Scientists initiated a pursuit of more resilient and long-lasting energy sources due to the continuous deterioration of the environment and the substantial rise in the expense of conventional energy sources. Solar energy is one of the most cost-effective, environmentally friendly, and easily accessible sustainable energy sources. Photovoltaic/thermal (PV/T) solar modules are gaining popularity due to their ability to utilise more solar radiation to generate electric power and heat gain simultaneously. This study reviews recent advancements in PV/T modules, focusing on the dual conversion of solar radiation into electrical and thermal energy. The review highlights significant improvements, such as the use of nanoparticles, bi-fluid circulation, and innovative cooling techniques. The study examined the main categories of PV/T systems, including air-cooled, water-cooled, bi-fluid-cooled, nano-fluid-cooled, and ternary nanofluid-based units. This paper offers an in-depth analysis of various components within PV/T modules, covering aspects such as concepts, materials, and review techniques. However, challenges remain, including the trade-off between thermal and electrical efficiency and integration into existing infrastructure. Despite these limitations, PV/T systems show great potential for contributing to sustainable energy solutions and achieving global sustainable development goals. Future research directions include integrating an artificially intelligent approach for system optimization and expanding hybrid PV/T technologies. [Display omitted] • A graphical summary of the PV/T types is demonstrated. • Sustainability achievements by the PV/T modules are discussed. • Water, air, nanofluid, and bi-fluid-based coolants are summarised. • Ternary nanofluid-based PV/T is reviewed. [ABSTRACT FROM AUTHOR]