The development of advanced materials, new device architectures and fabrication processes will lead to more utilization of renewable energy sources like solar energy. Solar energy can be harvested more effectively using solar cells incorporated with advanced nanomaterials. Black phosphorus (BP) is a two-dimensional material in which the layers are stacked together through van der Waals forces. The electrical and optical properties of the material are much more suitable for use in solar cell applications. BP nanosheets have optoelectronic properties such as tunable bandgap (0.3 eV − 2.0 eV) and high carrier mobility that make them as suitable candidates for solar cells. Also, BP is able to absorb a wide range of light energy in the electromagnetic spectrum. Being a p-type semiconductor, BP finds applications in optoelectronic and semiconductor- devices. The optical absorption of the material is determined by its structural orientation. The material also possesses the high in-plane anisotropic band dispersion near the Fermi level in the Brillouin zone which results in a high direction-dependent optical and electronic properties. The major limitation of the material is its stability since it is degraded under the illumination of light. BP is used as an electron transport layer in solar cells similar to ZnO, TiO2 and graphene. BP can also be integrated with hole transport layers and active materials. Research efforts have shown that BP and its derivatives have more potential to produce high efficiency solar cells. The application of BP in various solar cells and the enhancement in the efficiency of solar cells such as organic solar cells, perovskite solar cells, dye-sensitized solar cells and silicon solar cells are discussed in this review.