Leasing your land for the placement of a solar photovoltaic development project allows you to gain a long-term revenue from your property, enhance the value of your property for re-sale and keep your property intact without having to subdivide.
One commercial customer, who runs a very significant processing operation, told us that, “Installing solar on our property was one of the best things we have ever done. I come in every morning and watch (data screen) the renewable generation of our solar field.”
Whether you are a farmer trying to add revenue to your farm all the while continuing to farm the land using Agricultural Solar, a farm family where multiple non-farming siblings are looking to receive revenue from a family asset or a landowner looking to pay for college or add to revenue by utilizing a solar land-lease, leasing land for solar development meets a number of revenue planning challenges.
Qualifications for leasing your land for solar
The ideal size for a 5 megawatt system size is at least thirty acres developing a standard solar field and forty to fifty acres for an Agricultural Solar system.
The smallest land area that is economically feasible for an investor owned system is ten to eighteen acres which would yield a 2 to 3 megawatt system.
Having access to utility grid infrastructure is important and does not need to be near a transmission corridor but needs to have reasonable access to a 3-phase electrical service.
Of course, good exposure to sun is key, but also, be ready for a long-term commitment: solar farms offer a long process, but with high rewards.
At Pope Energy, we lease your land for 25 years with the opportunity for two 5-year renewals.
Benefits of leasing your land for solar
Not only can you create a substantial source of additional income for your property, but also, you’re creating a brighter, greener future for the surrounding community. If you have extra land available, why not put it to work generating renewable energy? Why not give it a purpose again?
That is community impact on a much greater level.
Our solar management team at Pope Energy will help you discover the value that solar energy can bring to your land. If you’re interested in learning more about solar leasing, and whether your land qualifies, please call us at 855-767-3363 today!