by Caroline Kirby
Do you have available acreage and no plans on how to use it? You should consider leasing your land for solar power projects! In the last few years, farmers across the country have been approached by solar companies looking for open land to lease for their solar projects.
Using your land for a solar farm could bring a lot of benefits. Here’s what you need to know!
The Basics of Leasing Land for a Solar Farm
Solar land leases are a contract between a landowner and a solar developer. The solar developer is leasing your land to install photovoltaic (PV) solar arrays to generate electricity. While the electricity from these systems does not benefit the landowner, the landowner will still enjoy the benefits of receiving lease payments.
There are many considerations to address when deciding if leasing to solar developers is the appropriate option for you. Every state has different regulations as do the local communities. Before entering into a lease agreement you will need to research your local laws and restrictions as well as garner community support, if applicable to your land’s location.
What Are the Benefits of Leasing Your Land for Solar Projects?
While every project varies as do the rules and regulations per region, there are some uniform benefits to leasing your land for solar energy regardless of the amount of land or location. Here are a few:
- Maintain ownership of your land.
- Long-term lease agreement.
- No carbon emissions.
- Creation of local jobs.
- Financial security.
How Do I Know if My Land Qualifies?
Depending on the developer you try to enter into an agreement with you may be subject to different factors. However, some of the most common factors that may determine if your land is suitable for a solar farm include:
- Located near transmission lines and substations.
- Geological characteristics are favorable (flat slope, few rocks, and trees, etc.)
- Available acreage (generally a minimum of 10 acres)
- Accessible for long-term leases (20+ years)
What do you think? Does your land check off these boxes? You may want to spend some time looking into leasing your land for a solar farm. Solar developments can take a lot of time and money, but the good news for you is that the developers will take the lead.
Are you interested in earning money now and helping to generate clean and sustainable energy for your community? Do some research and find out what solar developers are interested in your area. If you want to look for other land investment opportunities, take a look at LandHub’s current land listings here.
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