A novel hybrid PVT/parabolic trough concentrator (PTC)/organic Rankine cycle (ORC) solar power system integrated with underground heat exchanger has been proposed. The evaporator unit consists of a transparent flat PVT solar collector and a PTC connected in series. The first transparent solar collector has transparent covers and consists of solar cells totally immersed within a pressurized transparent organic fluid that allows the solar radiation to reach the solar cells, cools them effectively, and captures all thermal losses from the solar cells. The second concentrator is a conventional one with opaque black receiver used to reheat the transparent organic fluid to higher temperatures. Both solar collectors (the PVT and PTC) perform as the boiler and superheater for the ORC. The performance of the proposed system is investigated by a steady-state mathematical model. The results show that, at design conditions, the efficiency of the PV modules stabilizes around 12%, absorber efficiency varies within 64% to 75%, and the ORC efficiency varies within 7% to 17%.