We analyze standard theoretical models of solar energy conversion developed to study solar cells and photosynthetic systems. We show that assuming the energy transfer to the reaction center/electric circuit is through a decay rate or “sink”, contradicts the second law of thermodynamics. We put forward a thermodynamically consistent alternative by explicitly considering parts of the reaction center/electric circuit and by employing a Hamiltonian transfer. The predicted energy transfer by the new scheme differs from the one found using a decay rate, casting doubts on the validity of the conclusions obtained by models which include the latter.