In the transition towards energy sustainability and food security, the efficiency of photovoltaic (PV) modules is crucial for power generation. This study seeks to enhance PV panel performance by reducing their operating temperature using simple, cost-effective cooling solutions. Lettuce (Lactuca sativa) or cherry tomatoes (Solanum lycopersicum var. cerasiforme) are placed beneath the PV panels at heights of 0.5 meters, 1 meter, and 1.5 meters to absorb latent and sensible heat, creating a microclimate. The results show that agrivoltaic systems significantly reduce the ambient temperature beneath the panels, especially at a height of 0.5 meters, through plant transpiration. The back surface temperature of agrivoltaic panels decreased by 3.35°C during Peak Sun Hour (PSH), improving voltage stability by 4.46%. This improvement can boost the performance and extend the lifespan of solar panels. The Levelized Cost of Electricity (LCOE) for agrivoltaic panels with cherry tomatoes is $0.017/kWh, compared to $0.018/kWh for reference panels. Additionally, revenue from cherry tomato harvests using the agrivoltaic system is $6,383.35, whereas traditional systems yield only $4,173.15. These findings indicate the economic feasibility and potential benefits of implementing cooling solutions in the PV module market in tropical countries. This approach can advance sustainable energy practices and support food security.