In the last two decades, renewable energy has been paid immeasurable attention to toward the attainment of electricity requirements for domestic, industrial, and agriculture sectors. Solar forecasting plays a vital role in smooth operation, scheduling, and balancing of electricity production by standalone PV plants as well as grid interconnected solar PV plants. Numerous models and techniques have been developed in short, mid and long-term solar forecasting. This paper analyzes some of the potential solar forecasting models based on various methodologies discussed in literature, by mainly focusing on investigating the influence of meteorological variables, time horizon, climatic zone, pre-processing techniques, air pollution, and sample size on the complexity and accuracy of the model. To make the paper reader-friendly, it presents all-important parameters and findings of the models revealed from different studies in a tabular mode having the year of publication, time resolution, input parameters, forecasted parameters, error metrics, and performance. The literature studied showed that ANN-based models outperform the others due to their nonlinear complex problem-solving capabilities. Their accuracy can be further improved by hybridization of the two models or by performing pre-processing on the input data. Besides, it also discusses the diverse key constituents that affect the accuracy of a model. It has been observed that the proper selection of training and testing period along with the correlated dependent variables also enhances the accuracy of the model.