The use of solar energy is widespread due to increase in its demand across the world. This is because this form of energy can supply steady, stable, regular and clean energy. Evaluation of PV (photovoltaic) model with maximum power point tracking (MPPT) using matlab/simulink cell model for estimating the I-V characteristic curves of photovoltaic panel with respect to changes on environmental parameters (temperature and irradiance) and cell parameters (parasitic resistance and ideality factor) were evaluated. The PV model equations were modelled and simulated using MATLAB/SIMULINK Approach. This paper confirmed the usefulness of MATLAB/SIMULINK in the development of MPPT (maximum power point tracking) algorithm. Using a Shockley diode equation, an accurate simulink PV panel model was developed. It was concluded that the MPPT is able to achieve maximum power output when there is variation in solar irradiance.