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A Global Look at Residential Solar Adoption Rates

July 29, 2022

Solar technology is advancing at a rapid rate, making solar easier to adopt. However, there is still a large potential of growth when it comes to the solar market.

Looking at global data, solar photovoltaic (PV) generation has steadily increased for the past several years, and showed the second-largest absolute generation growth of all renewable technologies in 2020, just behind wind and just ahead of hydropower, according to the International Energy Agency (IEA). A recent analysis from the U.S. Energy Information Administration said global rooftop solar PV installations are expected to jump to almost 95 GW by 2025, up from 59 GW last year.

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