This paper deals with photovoltaic-thermal (PV/T) collectors that combine photovoltaic (PV) module and solar thermal (ST) modules to provide heat and electricity simultaneously. The use of a PV/T system not only enhances PV efficiency but also allows to use solar thermal energy for various heating applications. The performance evaluation of the PV/T collectors had been investigated both theoretically and experimentally for the past few years. In this work, we consider a new water-based PV/T configuration by incorporating a tedlar layer and parallel tubes and further investigate its modeling. The aim is to develop a non-linear dynamic model which gives a realistic and reasonable performance of the system. The fundamental equations are determined for the thermal part using a bond graph approach which is a generic and general tool to represent thermal transfers. Simulations are given to highlight the usefulness of the proposed design and its modeling, considering the influence of some external factors (e.g. wind action) and internal geometrical parameters (e.g. insulator thickness). The results indicate that the rise in wind speed can reduce thermal efficiency from 70% to approximately 40%. The results also show that with an increase in insulator thickness, there is a sudden change in outlet temperature but thicknesses of more than 0.14 m is not required as the energy losses become constant. The assessment of the electrical and thermal performance of a PV/T collector is taken into consideration for a sample weather condition of southern France. Further, our results are compared to existing experimental and numerical ones from the literature on alternative PV/Ts design to validate and demonstrate the viability and consistency of our model.