The invention relates to a cogeneration device for light condensation of a single-reflection compound parabolic condenser and an application method. The cogeneration device comprises a concentrating photovoltaic photothermal unit array, a tracking unit, an electricity recovery unit, a heat recovery unit and a control and monitor unit, direct sunlight parallel to the axis of the single-reflection compound parabolic condenser is reflected in one time by the single-reflection compound parabolic condenser, then sequentially passes through an ultra-white glass cover plate and an upper layer ethylene vinyl acetate (EVA) from top to bottom, and is converged to a crystalline silicon photovoltaic cell, the crystalline silicon photovoltaic cell generates electric energy and heat energy, the electric energy passes through a cable, is modulated by a photovoltaic inverter and then is incorporated into a power grid or used or stored in an off-grid way, and the heat energy is absorbed by a fluid passing through a cooling square pipe and then is introduced out for storage or application. The single-reflection compound parabolic condenser adopted by the invention is shorter than the traditional compound parabolic condenser and the traditional short and abrupt compound parabolic condenser, cost is low, high-quality electric energy can be generated, meanwhile, the heat energy can be provided, and high performance cost ratio is achieved.