A new report reveals the exciting trajectory of clean energy investments. According to a recent article published in CleanTechnica, investments in clean energy have nearly doubled compared to dirty energy investments in 2024.

The report also notes that as more businesses and homes move to renewable energy sources like solar and wind power, investments in dirty energy appear to have peaked.

“What is perhaps most notable and jumped out to me is how much was being invested in energy efficiency (which typically offers the best return on investment) and power grids and storage,” commented CleanTechnica’s Zachary Shahan. “At the same time … we really shouldn’t be investing in fossil fuels at all at this point!”

The new analysis emphasizes how important solar energy is compared to other renewable energy sources. According to CleanTechnica, solar power investments are outpacing investments in all other generation technologies put together since solar panel costs have decreased by 30%.

Countries all across the world may contribute to reducing atmospheric pollution as they move toward renewable energy sources. Clean energy sources, including solar and wind power, don’t produce any hazardous pollutants when they are installed.

Large-scale installations of renewable energy also help lower local populations’ energy costs.

For instance, large solar projects can, in accordance with EnergySage’s predictions, cut local communities’ energy expenses by 5-20%. According to Forbes, households can save anywhere between $25,500 and $33,000 on electricity costs after solar panels are paid for.

“Clean energy is winning and will keep on winning, led by solar energy,” Shahan said. “The future appears promising. (However, unless we speed up this shift considerably, it’s also hot.)”