In the present work, both theoretical and experimental investigation of a vertical cantilever beam–based piezoelectric energy harvester are carried out under principal parametric resonance condition. A piezoelectric patch is attached near the fixed end of the cantilever beam along with an attached mass positioned at an arbitrary location. The extended Hamilton’s principle is used to derive the spatio-temporal equation of motion, and generalized Galerkin’s approximation is used to obtain the temporal nonlinear electromechanical governing equation of motion. The method of multiple scales is used to find the reduced modulation equations. Due to large transverse deflection and effect of rotary inertia of the attached mass, the system exhibits cubic and inertial nonlinearities. An experimental setup with slider crank mechanism–based shaker and a harvester consisting of a cantilever beam with piezoelectric patch and attached mass is designed and developed. The challenges posed by parametric resonance in crack development in the PZT and in the beam are reported. The theoretical and experimental output voltage and the power obtained are found to be in good agreement. Furthermore, a qualitative and quantitative comparative study of 17 energy harvesters has been carried out, and the normalized power densities have been compared.