The photovoltaic module (PV) enhancer is a technology used for improving the PV performance. Recently, much research has been conducted to propose new concepts of PV enhancer such as coolers and reflectors. The PV enhancer performance is assessed by the common existing methods available in the literature, which solely depends on total exergy or energy, volume, area, weight and the manufacturing cost. These assessment methods are useful but cannot assess the PV enhancer's performance when considering the lifespan parameter. Hence, this study is intended to solve the current problem by linking the lifespan parameter into the existing methods by proposing three enhanced assessment methods: yield times lifespan per cost per area, yield times lifespan per cost per volume and yield times lifespan per cost per weight. The PV enhancer with the highest values of these factors will have the optimum performance. The influential parameters and limitations of the enhanced assessment methods are investigated. It is shown that the proposed methods can assess and classify the performance of the PV enhancer with different models when the lifespan is considered in the analysis. These assessment approaches can be applied by manufacturers and designers of PV enhancers.