How do I get a solar farm on my land?

You can also lease the land to a company, university, or municipality that purchases the solar panels outright. Or you can lease your land to a solar developer like Verogy, who owns the solar panels and sells the energy to a company, university, or municipality through a power purchase agreement (PPA).

How many acres are needed for a solar farm?

For a typical solar installation, the general rule of thumb is that for every 1kW of solar panels needed, the area required is approximately 100 square feet. This means, that, for a 1mW solar PV power plant, the area required is about 2.5 acres or 100,000 square feet.

Why would a landowner want to lease his farmland to a solar farm?

Whether the landowner does not own water rights, or the land will not produce anything when it is farmed, a solar site lease can drastically increase the value of an otherwise dormant piece of land. In addition to the lease payments, most solar farms will also pay the taxes for a parcel of land they lease.

How much land do I need for a solar farm?

How Much Land Do We Need? We usually require plots of at least 30 to 40 acres but can occasionally bundle land together from neighboring landowners if you have smaller parcels of land. Although 100-plus acre solar panel arrays generate considerably more energy, 30 to 40 acres allow us to build 5 MW solar farms.

How much can I lease my land for solar farms?

The most commonly-asked question by landowners regarding solar farms is, How much can I lease my land for? The short answer is, “it depends,” but solar lease rates (also called “rents”) typically range from $250 to $2,000 per acre, per year. This article looks at the factors that influence the rates a solar developer may offer for your land.

What should landowners expect from a solar farm?

Landowners can expect the rent paid by the solar farm to exceed revenue from agricultural endeavors or dormant land. In addition, landowners do not have to worry about renegotiating a land lease or find a new tenant farmer every few years.

What is a solar site lease and how does it work?

One of the most obvious candidates for a solar site lease is a piece of dormant land. Whether the landowner does not own water rights, or the land will not produce anything when it is farmed, a solar site lease can drastically increase the value of an otherwise dormant piece of land.

What are the benefits of leasing land to a solar developer?

Landowners who lease their land to a solar developer can expect the following benefits: Solar leases provide guaranteed payments for the duration of the project’s life while the land continues to appreciate.