Has the Solar Power Demand Risen?

The demand for solar power has been rising steadily in recent years. Solar power is a renewable and clean source of energy, which means it does not produce greenhouse gas emissions or other pollutants that can harm the environment. This makes solar power an attractive option for countries, businesses, and individuals looking to reduce their carbon footprint and move towards more sustainable energy sources.

“Solar PV generation increased by a record 270 TWh (up 26%) in 2022, reaching almost 1 300 TWh. It demonstrated the largest absolute generation growth of all renewable technologies in 2022, surpassing wind for the first time in history.” International Energy Agency (IEA).

In addition, the cost of solar power has been decreasing over time, making it more affordable and accessible to a wider range of consumers. The growth in demand for solar power has also been supported by government incentives and policies that encourage the development and adoption of renewable energy sources.

“The solar Investment Tax Credit (ITC) is one of the most important federal policy mechanisms to support the growth of solar energy in the United States. Since the ITC was enacted in 2006, the U.S. solar industry has grown by more than 10,000%. In 2015, SEIA successfully advocated for a multi-year extension of the credit, which has provided critical stability for businesses and investors.”Solar Investment Tax Credit.

All in all, the increasing demand for solar power is a positive trend that can help to address the global challenge of climate change and promote a more sustainable future.

Here is the list of organizations that often publish reports and statistics on renewable energy trends, including the demand for solar power. You can visit their websites or search for recent reports and publications to get the most current information on solar power demand.

  1. International Energy Agency (IEA)
  2. Solar Energy Industries Association (SEIA)
  3. National Renewable Energy Laboratory (NREL)
  4. Energy Information Administration (EIA)
  5. United Nations Environment Programme (UNEP)