However there s a lot to take into consideration before entering into a solar lease with a developer and to help our readers better understand the nature of solar farm lease rates this article will discuss the importance of solar development in the u s how land for solar development is evaluated and how landmark dividend can help.
Solar farm land lease rates georgia.
A 10 acre solar farm near a substation outside an urban area might command 2 000 per acre rent for the landowner but more rural areas near a substation might be over 1 000 for the same size tract.
Depending on field access one of those smaller fields may no longer be accessible if a solar project is constructed in the middle of the existing large field.
The solar power purchase agreements issued by the utilities are often awarded by competitive bid.
Opportunities exist to make major income from solar leases as companies advertise lease rates of 800 to 1 200 per acre annually.
Although as with all land lease deals there are no cookie cutter guarantees so consider recent averages as examples.
If the land lease rate is too high then the project cost increases.
What bright spaces can do for you we will pre qualify your space for free and introduce you to solar developers prepared to lease your space for the term of the utility power purchase agreement ppa.
7x energy is an established well financed developer of solar farms that provides clean energy to utilities municipals cooperatives and corporations.
The solar company may only end up leasing a portion of the property and then as a land owner you could be left with two small fields with a solar farm in the middle.
Companies are advertising in farm magazines in an attempt to coerce landowners to sign up their land for solar.
When the solar craze hits your area it may seem like the gold rush and you re sitting on the mine.
The popularity of solar leases has increased significantly in the last year.
Solar farm land lease rates in the right locations solar is one of the most profitable uses of rural land.
You may be tempted to shop around for the highest lease rate but beware.
If you have roof or land located in a georgia power or tva service area you can still participate in solar utility programs.
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 annual payment will i receive in exchange for granting the option to use this land for a solar farm what payments will be made prior to the start of any solar project.
