A new article in the Economist has some surprising stats about the explosive growth of solar. What are the implications if you are considering solar or already have solar for your home?

Solar is growing faster than ever
The article states that the amount of solar energy we can produce doubles about every three years and increases ten times every decade. This truly exponential growth means solar will very likely be the main source of electrical power on Earth by the mid-2030s. By the 2040s, they might even become the biggest source of all types of energy.
Solar is here to stay
The idea that solar power will become our most crucial form of energy isn’t just a dream—it’s based on simple economics. As more solar panels are made and industries are built around solar, solar energy becomes cheaper. We saw similar trajectories with coal, oil, and gas as the world began to use them more in the 20th century. The difference is fossil fuels are a finite resource, so finding new sources eventually became too costly as we began to drill deeper and in more remote locations—eventually making solar panels a more viable option.
Solar is a mature technology
Solar technology has been developing for many decades, but it reached a level of maturity where it became widely accessible and economically viable for a much wider population around the early to mid-2010s. No longer just for early adopters, solar is way past the stage of proving its effectiveness and is on its way to becoming the norm for energy production moving forward.
There’s no better time than now
Because of this exponential shift, the best time to switch to solar is not in 10 years when technologies may be more advanced and prices have the potential to have fallen even more. The time to move away from fossil fuel energy sources is now. The cost savings and additional benefits can be immediate. By producing your own electricity from sunlight, you can greatly reduce or even eliminate your reliance on traditional utility companies who are often using more expensive fossil fuels as their primary forms of energy. Over time, the money you save can be significant, covering the initial cost of your solar photovoltaic system and eventually giving you a net positive return.