Opportunities for enhancing solar energy harvesting using photon upconversion are reviewed. The increasing prominence of bifacial solar cells is an enabling factor for the implementation of upconversion, however, when the realistic constraints of current best-performing silicon devices are considered, many challenges remain before silicon photovoltaics operating under nonconcentrated sunlight can be enhanced via lanthanide-based upconversion. A photophysical model reveals that >1-2 orders of magnitude increase in the intermediate state lifetime, energy transfer rate, or generation rate would be needed before such solar upconversion could start to become efficient. Methods to increase the generation rate such as the use of cosensitizers to expand the absorption range and the use of plasmonics or photonic structures are reviewed. The opportunities and challenges for these approaches (or combinations thereof) to achieve efficient solar upconversion are discussed. The opportunity for enhancing the performance of technologies such as luminescent solar concentrators by combining upconversion together with micro-optics is also reviewed. Triplet-triplet annihilation-based upconversion is progressing steadily toward being relevant to lower-bandgap solar cells. Looking toward photocatalysis, photophysical modeling indicates that current blue-to-ultraviolet lanthanide upconversion systems are very inefficient. However, hope remains in this direction for organic upconversion enhancing the performance of visible-light-active photocatalysts.