This paper presents the analytical study of flat plate collector based on the computer-based thermal models considering two different cases, case A (fully covered by glass) and case B (fully covered by photovoltaic (PV) module). These models are developed based on energy balance equations. An analytical expression for characteristic equation for photovoltaic-thermal flat plate collector has been derived as a function of design and climatic parameters. This paper shows the detailed analysis of energy, exergy and electrical energy by varying the number of collectors by considering four weather conditions (A, B, C and D type) for five different cities (New Delhi, Bangalore, Mumbai, Srinagar and Jodhpur) of India. It is observed that the collectors fully covered by PV module combine the production of hot water in addition to electricity generation and it is beneficial in terms of exergy, thermal energy and electrical energy gain. Copyright (c) 2008 John Wiley & Sons, Ltd.