Greenhouse gases, such as carbon dioxide and methane, emitted from thermal power generation, pose significant threats to human survival and development, contributing to phenomena such as floods, droughts, and storms. The photovoltaic market, as an emerging source of clean energy in China, has experienced widespread adoption and rapid growth, emerging as a cornerstone industry driving local economic development. This study focuses on the photovoltaic (PV) market in Zhejiang Province, analyzing its fundamentals across four key dimensions: market conditions, economic benefits, technological advancements, and policy frameworks. Findings demonstrate that a PV power station operating over a 30-year lifespan could potentially generate up to 864.275 billion kWh of electricity, yielding tariff revenues of 358.93 billion yuan. Moreover, such installations could significantly mitigate environmental impact by reducing carbon dioxide emissions by 873.965 billion metric tons, nitrogen oxide emissions by 245,100 metric tons, sulfur dioxide emissions by 163,900 metric tons, and conserving 261 million metric tons of standard coal.