In this paper, the effects of environmental variables on the output of the floating photovoltaic water systems, which were installed at the Hapcheon dam in South Korea, were investigated, and the correlations between them were analyzed. The system output was linearly proportional to the solar radiation or irradiance. The output was large in spring and autumn because of high irradiance, but low in the summer when the solar module temperature was high. The influence of the module temperature on the system output was limited in the summer, during which the module temperature change affected the system output more than the change of the irradiance did. In addition, in winter and summer, the module temperature tended to decrease with increasing windspeed, but windspeed did not affect module temperature significantly in the spring and autumn. On the other hand, in winter and spring, the irradiance decreased as the windspeed increased because of movement (or circulation) of the photovoltaic modules.