Solar Energy Statistics 2024

As solar energy continues to gain traction globally, it plays a vital role in reducing carbon emissions and fostering a sustainable future. 

Below are key solar energy statistics for 2024 that highlight the growth of this renewable energy source and its impact on global electricity generation.

6 Solar Energy Statistics For 2024

• The UK Has An Installed Solar Capacity Of 17 Gigawatts As Of July 2024

As of mid-2024, the UK has reached a total installed solar capacity of 17 gigawatts (GW), reflecting its continued efforts to expand its clean energy infrastructure. 

This capacity is a testament to the country’s push toward renewable energy sources and reducing dependence on fossil fuels. Solar energy is a key component of the UK’s overall electricity production strategy, contributing significantly to its renewable energy targets.

• The South East Region of England Has The Most Solar Panel Installations In The UK 

As of September 2023, the South East of England leads the UK with the highest number of solar panel installations, totaling 178,954. 

This region’s government incentives for renewable energy projects have fuelled the rapid adoption of solar power. Installing solar panels in the South East offers substantial benefits for both residential and commercial properties in generating clean, renewable electricity.

• Across The Whole of 2023, Solar Generated A Record 5.5% Of Global Electricity

Globally, solar power made significant strides in 2023 by generating 5.5% of total electricity, a new record in global electricity generation. 

In that year, 33 countries generated more than 10% of their electricity from solar photovoltaic (PV) sources. The increase in solar PV capacity highlights how crucial solar energy has become in the energy mix of these nations.

• Solar Is The Fastest-Growing Source Of Electricity In The World

Solar power is currently the fastest-growing source of electricity globally. China, the world leader in solar energy, increased its installed solar capacity by 152% in 2023 compared to the previous year, further cementing its position as the largest solar market. 

Other countries, such as the United States and India, have also ramped up their solar power generation, pushing the global solar industry toward unprecedented growth. 

• The Approximate Cost Of Solar Panels In The UK For The Average Home Ranges From £12,000 – £19,500 

The cost of solar panels & batteries in the UK​​ The price of a solar panel system and battery ranges from £12,000 – £19,500 for the average UK home. 

This investment allows homeowners to generate electricity from a renewable energy source and reduce their reliance on traditional methods. While the initial outlay might seem steep, the long-term savings on energy bills and the environmental benefits make solar panels an attractive option for many UK residents.

• Annual Solar PV Waste Generation Will Touch 10 Million Tonnes By 2040 

Annual solar PV waste generation will touch 10 million tonnes by 2040 and increase to 20 million tonnes by 2050. 

At PV Recycling, we are helping reduce solar panel waste by ensuring businesses can recycle their solar panels into new products. This enables businesses to sustainably manage their solar panels and batteries, whilst following UK guidelines and regulations. If you need help recycling your WEEE waste, get in touch with our team today.

Solar Energy 2024 And Beyond

Solar energy is not just a renewable energy source; it is fast becoming a central player in global power generation. With record levels of installed solar capacity and solar photovoltaic panels contributing to a significant portion of electricity production, the future of clean energy looks bright. 

As the world continues to shift toward renewable energy sources like solar, the solar industry will need to address both the opportunities and challenges, including the rising need for efficient solar PV waste management.