Solar Savings Results
Rapid Growth in Solar Installations
The global solar industry has experienced exponential growth, with installed solar capacity increasing by over 700% in the past decade.
Cost Decline of Solar Panels
The cost of solar panels has plummeted by approximately 90% since 2010, making solar energy more affordable and accessible to consumers worldwide.
Record-Breaking Solar Capacity
In 2020, the world added a record-breaking 142 gigawatts (GW) of solar capacity, surpassing all previous years and solidifying solar energy..
Job Creation in the Solar Industry
The solar industry employs over 3 million people globally, providing stable, high-paying jobs in manufacturing, installation, maintenance, and research and development.
Emissions
Reduction
Solar energy has played a significant role in reducing carbon emissions, with estimates generated avoids approximately 1,200 pounds of carbon dioxide (CO2) emissions.
Independent
Energy
Solar energy contributes to greater energy independence by diversifying the energy mix and reducing reliance on fossil fuels, enhancing energy security for countries and communities.
Grid Stability and Resilience
Distributed solar photovoltaic (PV) systems enhance grid stability and resilience by decentralizing power generation and reducing the risk of widespread outages during extreme weather events or grid failures.
Technological Advancements
Ongoing research and development efforts in solar technology continue to drive innovation, resulting in more efficient solar panels, energy storage solutions, and integrated smart grid technologies.
Improved Public Health
The transition to solar energy results in improved public health outcomes by reducing air pollution and associated health risks, such as respiratory illnesses and cardiovascular diseases, particularly in urban areas with high levels.
Water
Conservation
Solar energy requires minimal water usage compared to traditional fossil fuel-based power generation, contributing to water conservation and reducing strain on freshwater resources, especially in regions prone to water scarcity.