A major proponent of solar energy is its economic viability. At first, solar panels and installation were too expensive. Modern technology has substantially lowered solar energy prices. This economic gain, government subsidies, and growing energy costs make solar energy a good alternative for homes and companies. Solar energy assists global climate change initiatives since it is practically infinite and environmentally friendly. Although beneficial, solar energy has drawbacks. Solar electricity is only available throughout the day and is weather-dependent, a major drawback. This limitation emphasises the need for innovation in energy storage technology like batteries, which can store extra solar energy for overcast or nighttime use. Research is underway to improve solar panel efficiency, convert more sunshine into power, and explore novel materials and designs to improve performance and durability.