The entire world is currently dealing with a range of critical challenges, including unchecked population growth, excessive resource exploitation, a lack of clean water, and climate change. Among the many problems, climate change can be considered the elephant in the room. Numerous man-made and natural activities are to blame for it, but one of the largest and most inevitable sources is greenhouse gas (GHG) emissions from agriculture. Recognizing this, governments across the globe have undertaken steps to lessen agriculture’s carbon footprint. A crucial part of both national and international emission trading programs is carbon credits. These credits that farmers obtain by lowering their carbon footprint might be used as an extra revenue stream. Utilizing solar energy in agriculture and allied activities, such as greenhouses, irrigation systems, dryers, pasteurizers, and farm machinery, can help farmers reduce their carbon footprint by significantly reducing their dependence on fossil fuels. This reduction in GHG emissions can be quantified and certified, enabling farmers to earn carbon credits. With an estimated potential of 6500 TW, which is sufficient to meet a major portion of global energy needs, solar energy is not only environmentally friendly but economical as well. Additionally, many governments throughout the world have issued regulations and subsidies to promote the use of solar energy in agriculture. Aside from that, using solar energy is the most straightforward and accessible of all renewable energy sources, making it an effective tool for reducing carbon footprint as well as generating additional income.