Seven free base porphyrins employed in dye‐sensitized photoelectrosynthetic cells are investigated with the aim of benchmarking the ability of different density functional theory (DFT) and time‐dependent DFT approaches in reproducing their structure, vertical, and E0‐0 excitation energies and the energy levels alignment (red‐ox properties) at the interface with the TiO2. We find that both vertical and E0‐0 excitation energies are accurately reproduced by range‐separated functionals, among which the ωB97X‐D delivers the lowest absolute deviations from experiments. When the dye/TiO2 interface is modeled, the physical interfacial energetics is only obtained when the B3LYP functional is employed; on the other hand, M06‐2X (54% of exchange) and the two long‐range corrected approaches tested (CAM‐B3LYP and ωB97X‐D) excessively destabilize the semiconductor conduction band levels with respect to the dye's lowest unoccupied molecular orbitals (LUMOs), predicting no pathway for electron injection. © 2019 Wiley Periodicals, Inc.