Earth-abundant silicon-, phosphorus-, and sulfur-related compounds are crucial for optoelectronic application. Specifically, experimentally proven monolayer SiP has attracted a great deal of attention in above listed field owing to its unique properties but is plagued with challenges such as photocorrosion and poor charge separation. Moreover, theoretical understanding on the relationship of the interface and photocatalytic activity in SiP-based chemicals is not well understood. In this work, hybrid functional first-principles calculations were used to explore the photocatalytic hydrogen evolution activity of SiP–PtS2 heterostructure. Further examination of phonon, ab initio molecular dynamics (AIMD), and elastic property simulations confirms its dynamical stability. Its computed band gap of 1.59 eV is suitable for maximizing solar energy conversion efficiency, with noticeable strong absorption coefficients of 105 cm–1 order across visible–ultraviolet domains, asymmetric decent carrier mobility (∼103 cm2 V–1 s–1), and low exciton binding energy (0.56 eV). Differences in charge density and Bader and Mulliken population analyses reveal that charge flows from the SiP to the PtS2 layers, performing the dual functions of segregating photoinduced charge carriers and increasing their lifetimes. The relative band alignment of the monolayers promotes a spatial separation of the charges. An important feature of this heterostructure is that the band edges cross the water redox potential at pH of 0 upon −2% of compressive biaxial straining, with ΔG for hydrogen evolution reaction (HER) barrier lower than −0.2 eV. The quadratic relationship between biaxial strain and atomic energy indicates that both the system and strains are elastic. Redox thermodynamic analysis predicts facile hydrogen production on the heterostructure. In particular, the calculated maximum solar power conversion efficiency (PCE) and solar-to-hydrogen (STH) efficiency can reach 22.9 and 23.8%, respectively.