Based on solar spectrum splitting technology, a novel concentrating photovoltaic/thermal (CPV/T) solar collector is proposed, which primarily composed of six Fresnel collector units with separate photovoltaic and photothermal modules. The compact overall structure is optimally designed that can be effectively integrated with ordinary buildings while supply both electrical and thermal energy. The proposed collector achieves the maximum annual average optical efficiency when installed north–south axially with a tilt angle approximately equal to the installation latitude, as a 64.97 % in Nanjing (32°N). Simulation analysis shows that the main influencing factors of the system performance are direct solar irradiance, working medium mass flow, and optical efficiency, the theoretical outlet working medium temperature can reach 150 °C while the photovoltaic and photothermal efficiencies are 12.37 % and 39.74 % when the normalized temperature difference T* is 0.06. Further, to verify the theoretical/simulation analysis results, the outdoor experimental tests are conducted and show that the optimal inlet working medium mass flow is 10.8 kg/h, while the efficiencies are 5.99 % and 27.59 %, respectively, that is, the proposed system comprehensive thermal efficiency can reach 43.35 %. The comparative analysis of theoretical research and experimental tests shows that the proposed system has rationality and practical value, which can provide guidance for practical engineering.