Analyzing the processes ranging from the determination of the installation configuration of the photovoltaic (PV) systems to the operation at the maximum power, from the technical and economic feasibility study to the positive contribution to the region where the production is planned are just possible with the accurate and efficient simulation models of the PV systems. PV parameter extraction, which is a topic frequently discussed recently, is crucial for the detailed modeling of PV cells and modules and simulating the behavior of these systems. For this reason, the current study examined PV parameter extraction and solved this optimization problem with the honey badger algorithm (HBA) and wild horse optimizer (WHO). PV cells and modules were modeled with the single diode model (SDM) and double diode model (DDM) and tested with actual measurement data. The root-mean-square error (RMSE) was chosen as the objective function, and the results were compared with the evaluation metrics for computational accuracy and time. Based on four PV model results, RMSE values were calculated between 9.9318E-04 to 1.7011E-03 for HBA and between 9.8602E-04 and 1.7298E-03 for WHO. As a result, even though both algorithms produce successful, stable, and fast results in PV parameter extraction, the WHO yielded better results.