Study: Solar will power 13 percent of world’s energy by 2030

If you still don’t believe solar energy is the power source of the future, consider this: By 2030, solar energy could power 13 percent of the world.

This according to a report recently released by the International Renewable Energy Agency titled “Letting in the Light: How Solar Photovoltaics Will Revolutionize the Electricity System.” Currently, fewer than 2 percent of global electricity comes from solar (227 GW). The report states that by 2030, it could reach between 1,760 and 2,500 gigawatts.

Hitting the 13 percent mark will require capacity to more than double in 14 years. The report highlights five recommendations that can help achieve this increase including:

  • Updated policies based on the latest innovations.
  • Government support of continued research and development activities.
  • Creation of a global standards framework.
  • Market structure changes.
  • The adoption of enabling technologies like smart grids and storage.

In May, it was announced that the U.S. has hit 1 million solar installations, an incredible achievement. Of the one million solar installations in the U.S., 942,000 are residential, 56,500 are commercial and 1,500 are utility. It is expected that there will be 1 million solar projects annually by 2025.

There is a lot of exciting things happening in the solar industry, including a solar-powered plane flying around the world and enormous floating solar farms.

You can be part of the clean energy/solar movement and save on your energy bill at the same time right here in the Sacramento region.

Contact us for a free site visit and solar needs analysis, or simply give us a call with any questions you may have at 916.853.2700.

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