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Solar Energy

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Fast Facts About
Solar Energy

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Principal Energy Uses: Daylight, Electricity, Heat
Forms of Energy: Thermal, Radiant

Solar energy is radiant energy from the sun—a fully renewable energy resource. We use the solar resource to provide daylight, electricity, and heat in four ways (in order of prevalence):

  1. Indirect: Our primary use of the sun’s energy is for free light and warmth (not counted in the data below but important for energy efficiency)
  2. Solar photovoltaics (PV): Converting photons (light) directly into electricity through photovoltaics (PV), also known as solar panels
  3. Direct (solar thermal heat): Using the sun to heat water and buildings (hot water, warm pools, space heating/cooling)
  4. Solar thermal power / concentrating solar power (CSP): Concentrating sunlight to produce high-temperature heat to generate electricity

Solar PV is the fastest-growing electricity resource in the world. It is fully renewable with few environmental impacts, and the cheapest source of electricity in many countries.


Significance

Energy Mix

1% of world 🌎
(#7 resource)
1% of U.S. 🇺🇸
(#7 resource)

Electricity Generation

7% of world 🌎
(#6 resource)
5% of U.S. 🇺🇸
(#6 resource)

Global Solar Use

Solar PV 84%
Solar thermal heat 15%
CSP 1%


Global Solar PV

Most Installed Capacity

China 47% 🇨🇳
of global installed capacity

Most Generation

China 40% 🇨🇳
of global solar electricity

Highest Penetration

Hungary 24% 🇭🇺
Chile 23% 🇨🇱
of country’s electricity comes from solar

Change in Global Solar PV Electricity Generation

Increase:
⬆ 199%
(2019-2024)


U.S. Solar PV

Most Installed Capacity

California 20%
of U.S. installed solar PV capacity

Most Generation

California 26%
of U.S. solar PV electricity

Highest Penetration

Nevada 27%
of state's electricity comes from solar PV


Global Solar Thermal Heat

Most Installed Capacity

China 72% 🇨🇳
of global installed capacity

(U.S. has 3%)

China’s main use is for heating buildings and water. Chinese solar thermal companies are increasingly shifting their focus from residential to district heating and industrial applications. The main use in the U.S. is for heating swimming pools.

Change in Global Solar Thermal Heat Capacity

Increase:
⬆ 14%
(2019-2024)


Global Solar Thermal Power (CSP)

Most Installed Capacity

Spain 32% 🇪🇸
of global installed capacity

(U.S. has 21%, 66% of which is in California)

Change in Global CSP Capacity

Increase:
⬆ 16%
(2019-2024)


Costs of U.S. Solar PV

Costs increase as size of installation falls:

  1. Utility scale: largest scale, unsubsidized LCOE* = $38 - $78
  2. Community, commercial, industrial: medium scale, unsubsidized LCOE = $81 - $217
  3. Rooftop solar / residential: smallest scale, unsubsidized LCOE = $177 - $282

*LCOE (levelized cost of energy) - allows for the comparison of different electricity generating technologies

Compare costs with subsidies and for other resources on the Introduction to Renewable Energy Fast Facts

Costs of solar PV have fallen over time:

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Line graph showing how the cost of utility scale solar PV has decreased dramatically since 2009 (from over $350/MWh in 2009 to $58/MWh in 2025). The LCOE increase from 2021 to 2023 and 2024 is due to higher interest rates and other cost pressures, according to Lazard's June 2024 report.

This graph shows the prices for utility scale, but the same trends hold for different sizes of solar installations.


Drivers

  • Abundant, nondepletable source of energy
  • Low climate and environmental impact
  • Provides energy access and independence, including in rural communities far from existing grids
  • Utility scale solar PV: very low LCOE relative to fossil fuels and nuclear, competitive with onshore wind
  • Continued PV productivity gains
  • Declining energy storage costs support grid integration
  • No fuel price volatility/risk (fuel is free and isn’t subject to supply disruptions)
  • Relatively short implementation timeframe from project start to electricity generation
  • Modular: easy to add additional capacity
  • Financial incentives
  • Renewable energy/climate targets
  • Rooftop solar PV: no transmission needed, no additional land use
  • Solar thermal heat: low-cost option for heating buildings, certain industrial processes
  • Daylighting: increased retail sales, free high quality lighting, improved human well-being

Barriers

  • Grid integration challenges due to intermittency and duck curve*
  • Inconsistent/decreasing incentives
  • NIMBY/BANANA** concerns
  • Supply chain for solar panels (e.g., U.S. economic sanctions against panels manufactured in China, the largest solar PV manufacturer in the world)
  • Rooftop solar PV: higher LCOE than utility scale, requires building ownership
  • Solar thermal heat: hard to reach high enough temperatures for certain industrial processes

*Non-solar power plants are forced to ramp up quickly when the sun goes down because solar electricity drops and net demand peaks
**NIMBY - not in my backyard; BANANA - build absolutely nothing anywhere near anything


Climate Impact: Low

Low gradient
  • Zero operating emissions

Environmental Impact: Low

Low gradient
  • No air pollution
  • Little / no water use
  • Land use and habitat impact can be significant

 

Updated March 2026

Our 10-Minute Take On
Solar Energy

If you're short on time, start by watching this video of key highlights from our lecture on Solar Energy.

Diana Gragg

Presented by: Diana Gragg, PhD; Core Lecturer, Civil and Environmental Engineering, Stanford University; Explore Energy Managing Director, Precourt Institute for Energy
 

Recorded: July 25, 2025  
Duration: 13 minutes

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Slides available upon request.

If you liked this video, watch the other 10-Minute Takes here!

Before You Watch Our Lecture on
Solar Energy

We assign videos and readings to our Stanford students as pre-work for each lecture to help contextualize the lecture content. We strongly encourage you to review the Essential videos and readings below before watching our lecture on Solar Energy. Include selections from the Optional and Useful list based on your interests and available time.

Essential

Optional and Useful

Our Lecture on
Solar Energy

This is our Stanford University Understand Energy course lecture on solar energy. We strongly encourage you to watch the full lecture to understand solar as an energy system and to be able to put this complex topic into context. For a complete learning experience, we also encourage you to watch / read the Essential videos and readings we assign to our students before watching the lecture.

Kirsten Stasio

Presented by: Kirsten Stasio, Adjunct Lecturer, Civil and Environmental Engineering, Stanford University; CEO, Nevada Clean Energy Fund (NCEF)
Recorded on: November 13, 2024   Duration: 51 minutes

Table of Contents

(Clicking on a timestamp will take you to YouTube.)
00:00 Introduction and Significance 
09:32 Solar PV Technology 
29:14 Solar PV Growth Trends 
41:24 Solar PV Environmental Impact 
45:19 Solar PV Economics

Lecture slides available upon request.

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Test Your Knowledge

Printable PDF: Questions, Answer Key

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Additional Resources About
Solar Energy

Fast Facts Sources

More details available on request.
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