AbstractWinter cover crops represent a land cover change that may sequester carbon in the soil and improve agricultural sustainability. Their adoption may also change the Earth's radiative balance and result in biophysical feedbacks to climate through alterations in albedo and latent heat fluxes. Understanding the mechanisms underlying these alterations to the radiative balance is important for making reliable future climate projections. However, data on cover crop biophysics are limited, requiring models to rely on data from summer plants for parameterization, likely biasing predictions. To address this gap, we measured the albedo and stomatal conductance of two summer crops and three winter crops on farms in the High Plains region of Texas. We also established a winter cover crop field experiment with two cover crops and fallow fields to estimate the change in albedo and latent heat flux that results from a switch to winter cover cropping. We found that albedo was significantly higher in winter‐like conditions than in summer‐like conditions due to an increase in plant albedo and a reduction in leaf area index. The albedo of winter cover crops was higher than the soil albedo, resulting in an increase in top‐of‐atmosphere reflected radiation of 7%–14% when converting from fallow fields to winter cover cropped fields. There was an additional cooling effect through doubling of the estimated latent heat flux caused by the presence of cover crops. The combined changes in albedo and latent heat resulted in a change in the surface energy balance that is associated with an overall cooling effect of winter cover crops on surface atmospheric temperatures. While this effect is likely to be region‐specific, these results strongly indicate that winter cover crops alter the surface albedo and latent heat flux of agricultural fields and provide a direct cooling effect in the High Plains region of Texas.