Energy storage in the form of sensible and latent heat is one of the most prominent method to enhance the performance of any solar thermal system. Solar desalination is a viable method to convert saline water into potable water, but due to its lower yield, it cannot be used as a regular source of water. The current investigation deals with the enhancement in water yield of double slope solar still by embedding eutectic phase change material (PCM) (Myristic acid + Stearic acid), nano-enhanced PCM, and wick material (steel wool fibre). Ag2O3 nanoparticles at concentrations of 1.5 wt% were mixed in eutectic PCM to increase the thermal conductivity of nano-enhanced PCM. The energy, exergy, and economic analyses of four various modified cases, namely CSS (still without PCM), DSS-1 (still with eutectic PCM), DSS-2 (still with eutectic PCM and Steel wool fibre), and DSS-3 (still with nano-enhanced eutectic PCM), was carried out in central India (23.24 degrees N and 77.41 degrees E). The findings reveal that the cumulative yields for CSS, DSS-1, DSS-2, and DSS-3 are around 1.82, 2.44, 3.40, and 4.22 kg/m2. Additionally, DSS-3 cumulative freshwater production was around 132, 72.9, and 24.1% greater than that of CSS, DSS-1, and DSS-2, respectively. The maximum value of total heat transfer was achieved for DSS-3, which is higher by 45.9% than CSS, 32.8% than DSS-1, and 6.1% than DSS-2. The average energy efficiency of DSS-3 was 49%, which is greater than CSS (22.21%), DSS-1 (30.42%), and DSS-2 (41%). The findings also depict that the combined impact of PCM and nanoparticles displays an average exergy efficiency of 12.2%, which is greater than CSS, DSS-1, and DSS-2 by 3.18, 5.47, and 11%, respectively. Additionally, the economic analysis reveals that the cost per litre value of CSS, DSS-1, DSS-2, and DSS-3 was 1.06, 1.27, 1.22, and 1.07 (Rs/l). The integration of PCM-SWF in conventional still increases the cost of water by 13% with an increase in freshwater yield of 92%, whereas the integration of nano-enhanced PCM increases the cost of water by 1% with a tremendous increase in freshwater yield of 130%.