A hybrid photovoltaic-thermal system provides co-generation of electrical energy and thermal energy. Electrical energy is efficiently generated by photovoltaic panels that are cooled by heat exchangers attached thereto, and the cooling of the photovoltaic panels improves the energy output efficiency of the photovoltaic panels. The heat exchangers flow fluid through its channels, and the fluid collects heat from the photovoltaic panels to which the heat exchangers are attached. The heated fluid is then received at and stored in a thermal battery. The thermal battery can be a fluid tank that encourages the fluid to retain the heat collected from the photovoltaic panels. The thermal battery can then supply the heated fluid to thermal loads as thermal energy.