In this paper, a theoretical model is developed to investigate the performance of the hybrid solar thermoelectric generator (HSTEG) system, which is designed without (B-HSTEG) and with an evacuated glass tube (V-HSTEG). The heat loss, power output, thermal efficiency, and electrical efficiency of the B-HSTEG/V-HSTEG system are evaluated by analyzing the design parameters such as geometric solar concentration ratio, thermoelectric figure of merit, and cold-side inlet fluid temperature. The performance of the B-HSTEG is compared with the V-HSTEG system using two heat transfer fluids: water and Therminol VP-1. The maximum electrical efficiency of the B-HSTEG and V-HSTEG is estimated to be 12.2 and 15.6% (ZT = 3) with a corresponding thermal efficiency of about 61.9 and 60.3%, respectively. Overall, this paper provides a systematic performance analysis of HSTEG systems.