All Energy Solar

What The Exponential Growth of Solar Means for You

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.

Related Resources

videothmb_sunprairiewi
202501_interconnection
eBook: Making the Switch With All Energy Solar

Free Ebook

Our guidebook to switching to solar is the perfect primer for everything you need to get started with solar.

Get a Free Solar Quote

Find out if your home or business is right for solar. It’s quick, easy, and FREE!​

Get a Free Solar Quote

The first step on the road to solar is contacting a trusted solar installer. Fill out our quote form to get in contact with one of our professionals and begin the process.

By submitting your information, you are consenting to All Energy Solar calling and/or emailing you about a solar quote and other solar-related information. 

Customer Service Request

If you need immediate assistance, please call our office at:

"*" indicates required fields

By submitting your information, you have consented for All Energy Solar to call and/or email you about solar repair and installation or other solar-related information.