Compaines Looking To Lease Land For Solar Panels
Things to consider before signing your solar lease.
Compaines looking to lease land for solar panels. Solar developers pay anywhere from a few hundred dollars up to a few thousand dollars per acre leased. The quick expansion in the solar industry has come as a result of two major factors. The amount of land we can use is determined by the site characteristics topography hydrology planning geology etc. A land lease that makes the most of your space.
When you think of a solar farm you may imagine sprawling developments with solar panels as far as the eye can see that s not us. It varies considerably by the developer the size of the project the state the land is in market competition in the area from other solar developers as well as companies interested in your land for other uses and several other factors. Solar leases are long term usually at least 20 years initially with an option to renew for another 20 to 25 years. Whether you have a portfolio of properties or a single site we work with you to identify unused land and expansive rooftops ideal for leasing to a system owner.
A landowner who enters into a solar lease should expect to have solar panels on his or her farm for 40 to 50 years. Even within states the variance of land prices can be large and mainly has nothing to do with solar farms but rather the more common uses of property. Enough to power 300 homes per year. The solar farms we develop require large amounts of land where we will ultimately place tens of thousands of solar panels.
However for farmland owners that have historically used their land for agriculture a solar ground lease offers a more profitable and reliable income stream. Please contact us to determine if you have enough space to become a host. We are looking for a minimum of 20 acres. Any honest solar company should tell you that if walmart or a residential developer is interested in buying or leasing your land a solar lease can not compete from a value perspective.
Installing a solar farm on farmland could cause the land to lose its current agricultural use value status since. Rather we focus our attention on small utility scale solar farms that generate anywhere. We are not developers of massive solar farms spanning thousands of acres. This amount of land can hold approximately 2 mw of solar.
It should not be surprising then that there would be big differences in solar farm lease prices throughout the u s. 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. Since agricultural land is a prime target for developers.