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The present study examines the role of solar energy in influencing economic well-being. The world at present is entangled with the hostile environmental changes and climate conditions that pose great threat to the wellbeing of future mankind. In addition, the diminishing resources that are the vital part of today’s economy and businesses, all around the world, also found a major threat to long term sustainability. The contribution of energy in developing a country’s economy is known to play a crucial part in economic development either straightforwardly or as a complement to different variables of production. In compliance, the role of solar energy are debated for being the beatification that endures the ability to fulfil economic needs and at the same time exert minimal or no damage to the environment.