Will solar power increase domestic energy production in 2025?

As we head into 2025, the United States Energy Information Administration is predicting that 26 gigawatts of new solar capacity will be added this year, marking a 34% increase in domestic solar generation. As energy demand continues to grow, the role of solar in domestic energy production cannot be overstated.

Will solar power be a good investment in 2025?

With 26 gigawatts of solar capacity expected to be added in 2025, solar will continue to positively contribute to grid resilience and energy affordability while promoting energy independence.

What will solar futures look like in 2025?

By 2025 and beyond, solar futures will play a primary role in transitioning toward a clean, renewable, and energy-independent world, with solar power software optimizing system design, efficiency, and performance. From solar energy development to next-gen solar panels, explore what the future holds for clean energy.

Why is the demand for solar power rising?

The demand for solar power is rising quickly across the globe, driven by: Falling Costs of Solar Panels – Over the past decade, the cost of solar photovoltaic (PV) panels has dropped by over 80%, making solar power one of the most cost-effective energy sources. By 2025, further cost reductions are expected as manufacturing scales up.

What is the future of solar power?

In recent years, solar power has proven to be a key solution for reducing dependence on fossil fuels and mitigating climate change. As costs decrease and efficiency increase, the future of the solar industry looks more hopeful than ever.

How much is the solar PV module market worth in 2023?

According to GlobalData’s Solar PV Modules and Inverters Market Trends and Analysis report, the global solar PV module market was valued at $102.76bn in 2023. The Asia-Pacific (APAC) region led the charge in 2023, registering $60.15bn.