The Irish Solar Energy Association (ISEA) has called on the Government to introduce a support mechanism for solar power.
Solar power is currently the only renewable energy technology that does not qualify for any form of a subsidy in Ireland.
The ISEA said the deployment of solar power in Ireland will see the creation of over 7,300 high-value jobs throughout the country.
It also said it will help save the country from EU fines in excess of €300m a year from 2020.
An independent KPMG report has estimated that the Irish solar sector can deliver €2 billion in gross value added (GVA) for Ireland and return €800m in tax revenues by 2030.
The association said that in the first two weeks of June, a commercial rooftop installation in the south-east of the country generated 16,000 units of renewable electricity.
It said this means an established solar energy sector with 2 GW capacity would have produced 7% of the country's total electricity needs.
Ireland is currently on track to fall significantly short on its EU 2020 renewable energy targets where it has committed to generating 40% of our electricity from renewable sources.
The ISEA said that the country achieved just over half of this target (23%) in 2014 from a combination of wind, hydro and biomass sources.
More than 85% of the energy used in Ireland in 2014 was imported and last year alone usage of coal for the production of electricity actually rose by almost 20%, it added.
ISEA Chairman David Maguire said that solar, which is a material part of the established energy solutions for other countries in Europe, is still in its embryonic state here.
"We are ready to deploy immediately and just need a support mechanism similar to that afforded to other technologies in order to kick-start the sector," Mr Maguire added.