Abstract In this paper the model of a heat pump whose evaporator operates as a photovoltaic collector, is studied. The energy balance equations have been used for some heat pump components, and for each layer of the photovoltaic evaporator: covering glaze, photovoltaic modules, thermal absorber plate, refrigerant tube and insulator. The model has been solved by means of a program using proper simplifications. The system input is represented by the solar radiation intensity and the environment temperature, that influence the output electric power of the photovoltaic modules and the evaporation power. The model results have been obtained referring to the photovoltaic evaporator and the plant operating as heat pump, in terms of the photovoltaic evaporator layers temperatures, the refrigerant fluid properties values in the cycle fundamental points, the thermal and mechanical powers, the efficiencies that characterize the plant performances from the energy, exergy and economic point of view. This study allows to realize a thermoeconomic comparison between a photovoltaic heat pump and a traditional heat pump under the same working conditions.