Solar Energy Facts in 2024: 10 Facts That Will Make You Want to Go Solar

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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?
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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.

• 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.
• Cheaper than ever before

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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.

• 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.
• 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).
• Dominating the global renewable energy market

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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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