Solar Energy Facts in 2024_ 10 Facts That Will Make You Want to Go Solar
                     Solar Energy Facts in 2024: 10 Facts That 
Will Make You Want to Go Solar 
 
Solar power is the cleanest form of renewable energy. It can provide electricity for 
our homes, businesses, and vehicles without any harmful emissions or significant 
impact on the environment. However, how much do you truly understand about 
solar energy and its advantages? In this article, we will present 10 interesting solar 
energy facts that will inspire you to switch to solar energy in 2024. 
What is solar energy, and how does it work? 
The sun produces light and heat, which can be captured and converted into 
electricity or heat. There are two main methods to harness solar energy: solar 
photovoltaic (PV) and solar thermal. Solar PV systems use solar cells to directly 
convert sunlight into electricity, while solar thermal systems use mirrors or lenses 
to concentrate sunlight onto a receiver, heating a fluid that can be used to generate 
electricity or provide hot water. 
Why is solar energy important? 
Solar energy is renewable, unlimited, clean, cost-effective, and reliable. It provides 
an abundant source of energy as long as the sun shines and helps reduce 
dependence on fossil fuels, lower electricity bills, and mitigate climate change. 
Additionally, solar power improves the reliability and resilience of the power grid, 
minimizing transmission losses and preventing blackouts. 
Solar energy 15 facts that will make you want to go solar 
Solar energy is one of the most promising and fastest-growing sources of clean 
energy. It has the potential to power our homes, businesses, and even entire 
countries with zero emissions and minimal environmental impact. 
 
A. The leading source of growth in the U.S. electric power sector is: 
According to the U.S. Energy Information Administration (EIA), solar energy is 
projected to drive growth in the U.S. electric power sector, with the solar share of 
total generation expected to reach 5.6% in 2024 and 7.0% in 2025, a substantial 
increase from 4.0% in 2023. 
B. Cheaper than ever before: 
Solar energy has become more affordable than ever before, with the global 
weighted average levelized cost of electricity from solar photovoltaics dropping by 
82% between 2010 and 2020, according to the International Renewable Energy 
Agency (IRENA). 
C. Creating millions of jobs worldwide: 
The solar industry employed 11.5 million people globally in 2020, a 4.8% increase 
from the previous year, and is expected to generate more employment 
opportunities in the future, as reported by IRENA. 
D. Enhancing efficiency and fostering innovation: 
The solar industry is witnessing remarkable advancements in technology, such as 
perovskite solar cells and advanced energy storage solutions, reducing costs and 
expanding the use of solar power across sectors. 
 
E. Empowering communities and individuals: 
With microgrid technology and peer-to-peer energy trading platforms, individuals 
and communities can now have more control over their energy production and 
consumption, promoting energy independence and resilience. 
F. Reducing greenhouse gas emissions and combating climate change: 
Solar energy is one of the most effective ways to reduce greenhouse gas emissions, 
with the potential to prevent up to 4.9 gigatons of CO2 emissions annually by 
2030, according to the International Energy Agency (IEA). 
G. Dominating the global renewable energy market: 
Solar power accounted for 40% of the total capacity added in the renewable energy 
sector in 2020, with a cumulative capacity of 850.2 GW, contributing 4.4% to 
global electricity generation. 
H. Integrating artificial intelligence and smart technologies: 
Artificial intelligence and smart technologies are revolutionizing the management 
of solar energy, optimizing the positioning of solar panels and enhancing system 
efficiency. 
I. Breaking records and setting new milestones: 
Several countries achieved record levels of solar energy generation in 2020, 
demonstrating its potential and performance. 
 
J. Attracting more investments and financing: 
Global investments in solar energy soared to $148.6 billion in 2020, marking a 
12% rise from the previous year and claiming the largest portion of investments in 
renewable energy. 
Conclusion 
The solar energy facts for 2024 offer an incredible chance for generating 
sustainable, affordable, and groundbreaking power. As costs go down and 
efficiency goes up, solar energy is not just changing the world's energy scene but 
also providing countless advantages for individuals, communities, and the 
environment. 
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