Concentrated photovoltaic (CPV) system integrated with thermoelectric generators (TEGs) is a novel technology that has potential to offer high efficient system. In this study, a thermally coupled model of concentrated photovoltaic-thermoelctric (CPV/TEG) system is established to investigate feasibility of the hybrid system over wide range of solar concentrations and different types of heat sinks. The model takes into account critical design parameters in the CPV and the TEG module. The results of this study show that for thermoelectric materials with ZT approximate to 1, the CPV/TEG system is more efficient than CPV-only system. The results indicate that contribution of the TEG in power generation enhances at high sun concentrations. Depending to critical design parameters of the CPV and the TEG, there are optimal values for heat transfer coefficient in the heat sink that offer minimum energy cost. (C) 2016 Elsevier Ltd. All rights reserved.