This first principles study explores the structural, electronic, optical, and thermoelectric properties of the CsTmCl3 halide perovskite using density functional theory. The structural and thermoelectric properties are calculated without considering the spin‐orbit coupling (SOC), while both the electronic and optical properties are calculated with and without the SOC effect. A comparison of the results obtained with and without SOC reveals that inclusion of the SOC effect reduces the band gap from 1.18 to 0.99 eV due to shifting of the Tm‐d states toward the Fermi level. However, direct nature of the band gap remains the same in both the cases. The effect of SOC on the optical properties is, however, only visible in shifting of the third characteristic peak to lower energies. Strong optical absorption in the visible and ultraviolet regions shows effectiveness of CsTmCl3 in the optical devices working in these regions. Moreover, the calculated transport properties reveal CsTmCl3 as a useful thermoelectric material at room temperature.
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