Tandem solar cells (TSCs) based on metal halide perovskites offer a route to increase power conversion efficiency (PCE). However, there are limited options for narrow‐bandgap bottom subcells. Colloidal quantum dots‐based solar cells are found attractive for this role. Herein, a cost‐effective two‐terminal (2T) monolithic TSC structure consisting of wide‐bandgap all‐inorganic perovskite top subcell and narrow‐bandgap chalcogenide PbS quantum dots bottom subcell is proposed. For optimization of the PCE of the tandem structure, standalone and tandem analysis are done in terms of variation of absorber layer thickness, total defect density, interfacial defect density, back metal contact, current density voltage (J–V) curves, external quantum efficiency, current matching, and tandem photovoltaic parameters. Optimized TSCs designed with the 530 nm/450 nm‐thick absorber layers of top/bottom sub cells result in of 19.28 mA cm−2, of 1.89 V, and PCE of 27.32%. It is found that performance of the device is very sensitive to the total defect density of the bottom subcell. Therefore, high PCE can be obtained by controlling the total defect density of the bottom subcell. This work motivates the experimental realization of low‐cost, high‐efficiency TSCs for further research.
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