The Solar System is a planetary system that orbits a star and all of the objects that travel around including millions of asteroids; comets and meteoroids. The solar system is the only place we know of that harbors life, but the farther we explore the more we find potential for life in other places. The solar system we call home is located in an outer spiral arm of the vast Milky Way Galaxy. It consists of the sun (our star) and everything that orbits around it. It consists of the Sun(our star) and everything that orbits around it. This includes the eight planets and their natural satellites(such as our moon), dwarf planets and their satellites, as well asteroids, comets and countless particles of smaller debris.