In view of the fact that the existing methods cannot identify all the effective power supply paths for voltage over-limit, which leads to problems of poor real-time performance and unobvious suppression effect in the voltage over-limit identification in distribution network, the voltage over-limit identification in distribution network with photovoltaic (PV) power supply is studied based on a regulation function, so as to improve the corresponding real-time performance and effectiveness. First, an external characteristic model of PV power supply is constructed by using its physical mechanism, based on which a simulation model of PV power supply is built in the Matlab/Simulink software. According to the power relationship in distribution network with PV power supply, the voltage variation at the grid-connected point before and after the integration of PV power supply is calculated, and the mechanism of voltage over-limit is analyzed, so as to design the equivalent circuit of distribution network with PV power supply. All the effective power supply paths for voltage over-limit are specified, a candidate set of voltage over-limit regulation strategies for distribution network with PV power supply is set up in an decreasing order by means of the regulation function, and the candidate strategies are selected from the candidate set of regulation strategies to realize the voltage over-limit identification. The analysis results of an example show that the proposed method can effectively adjust the voltage of distribution network with PV power supply to a normal state with less iteration times and a short execution time, indicating a high practicability.