A large fraction of energy, including solar energy, is dissipated into ambient atmosphere as low‐grade waste heat. Efficient utilization of such energy is critical to address the current energy crisis and global warming issue. Herein, the efficient near‐IR (NIR)‐photothermal, thermoelectric, and thus photo‐thermo‐electric conversion of polyoxovanadate compound {[Ni(1,10‐phenanthroline)3][V14O34Cl]Cl, NiV14} in ionic liquid was achieved. The solution displayed a NIR‐photothermal efficiency of 16.04 and 23.43 % at 808 and 1064 nm, respectively. Taking advantage of the synergetic thermodiffusive and thermogalvanic effects of various ion species in NiV14 solution, an open circuit voltage of approximately 0.45 V was obtained at ΔT=70 K generated by physical heating or NIR irradiation, indicating a large Seebeck coefficient of 6.38 mV K−1 and an optimized thermal power at 1.2 W m−2. The polyoxovanadate‐ionic liquid system offers a new platform for efficiently utilizing not only low‐grade thermal energy but also solar energy for electricity generation.