The negative impact of human activities on the environment receives tremendous attention, especially
on the increased global temperature. To combat climate change, clean and sustainable energy sources
need to be rapidly developed. Solar energy technology is considered as one of the ideal candidates,
which directly converts solar energy into electricity and heat without any greenhouse gas emissions.
In both areas, high-performance cooling, heating and electricity generation is one of the vital needs.
Modern nanotechnology can produce metallic or nonmetallic particles of nanometer dimensions which
have unique mechanical, optical, electrical, magnetic, and thermal properties. Studies in this field
indicate that exploiting nanofluid in solar systems, offers unique advantages over conventional fluids.
In this paper, the applications of nanofluids on different types of solar collectors, photovoltaic systems
and solar thermo electrics are reviewed. Beside the wide range of energy conversion, the efforts done on
the energy storage system(ESS) have been reviewed. In the field of economics, nanotech reduces
manufacturing costs as are sult of using a low temperature process.