The performance of photovoltaic (PV) solar cells is influenced by solar irradiance as well as temperature. Particularly, the average photon energy of the solar spectrum is different for low and high light intensity, which influences the photocurrent generation by the PV cells. Even if the irradiance level and the operating temperature remain constant, the efficiency will still depend on the technological parameters of the PV cell, which in turn depends on the used PV material’s absorption quality and the spectral responsivity and cell structure. This study is devoted to the review of different commercially available technologies of PV cells include crystalline silicon (c-Si), polycrystalline silicon (pc-Si), cadmium telluride (CdTe), and copper indium gallium selenide (CIGS). We tried to correlate the spectral response or the photocurrent of different PV cells with the variations of the solar spectrum, environmental conditions, and the material properties and construction of PV cells.