Solar luminosity 

The solar luminosity, L_\odot, is a unit of luminosity (power emitted in the form of photons) conventionally used by astronomers to give the luminosities of stars. It is equal to the current accepted luminosity of the Sun, which is 3.839 × 1026 W, or 3.839 × 1033erg/s.1 Note that the Sun is a weak variable star and its luminosity therefore fluctuates.

Calculating with this constant

You can calculate how much solar power hits the Earth by comparing a cross sectional area of the Earth and the total surface area of a sphere with a radius equal to the distance of the earth from the sun.

References

  1. ^ Carroll, Bradley W.; Dale A. Ostlie (2007). An Introduction to Modern Astrophysics. Pearson Addison Wesley, Appendix A. ISBN 0-8053-0402-9.