Several photovoltaic technologies, based on different semiconductor absorbers with band-gap energy in the range Eg = 1.0–1.5 eV are currently sharing the market for outdoor applications. These photovoltaic cells are designed to achieve an optimal photovoltaic conversion under solar illumination (represented by the standard AM1.5 global spectrum), but their performance changes under different artificial indoor lights. Here, the detailed balance principle that was first applied for an ideal photovoltaic absorber under solar radiation is now used by considering the actual spectra of four typical indoor lamps: incandescent, halogen, metal halide and white LED. For each particular illumination source, the theoretical maximum for short-circuit current, open-circuit voltage and maximum power point have been calculated and represented as a function of the absorber band-gap energy. Furthermore, the optical absorption spectra of some semiconductors with optimal solar conversion efficiencies are used to estimate their comparative performance under the various artificial light sources. It has been found that wide band-gap absorbers (Eg~1.9 eV) are needed to achieve a light-to-electricity conversion efficiency of 60% under LED illumination or 31% with metal halide bulbs, while a lowest band-gap energy of about 0.8 eV is required to obtain a maximum efficiency of 24% with incandescent and halogen lamps.