Solar Farm Land Lease Rates Ny

Solar developers are contacting farmers and landowners to secure long term land leases. Leasing your land to a solar farm is a great way to do your part in helping the united states convert to a cleaner renewable economy. A solar garden constructed on ten acres can offset the equivalent.

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New england cropland lease rates can range from 40 per acre year to 300 per acre year.

Solar farm land lease rates ny. The popularity of solar leases has increased significantly in the last year. Opportunities exist to make major income from solar leases as companies advertise lease rates of 800 to 1 200 per acre annually. How are solar farm land lease rates determined. New york s solar market is growing fast and demand for sites to install large scale solar electric systems is high.

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. Solar farm land lease rates in the right locations solar is one of the most profitable uses of rural 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. A reasonable cropland lease rate might be 75 per acre year.

In general cropland rental rates are higher than hay and pasture land. 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 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. However pinning down an exact figure of what land should rent for can be a challenge for landowners because of the wide range of data found on the internet.

The most commonly asked question by landowners regarding solar farms is how much can i lease my land for. Solar ground leases can last between 15 and 30 years with most lasting around 20 to 25 years which coincides with the useful life expectancy of solar pv panels. Companies are advertising in farm magazines in an attempt to coerce landowners to sign up their land for solar. If you own land you would like to lease consider the installation of a solar farm.

Determining the value of a solar farm lease rates usually comes down to a two step process consisting of an evaluation of the land itself and the actual lease negotiation. If the soil is decent and there is no infrastructure such as buildings municipal water fencing etc. The state of new york currently has a high demand for sites to install large scale solar electric systems. Across the state developers are looking for parcels of land starting at approximately 10 acres that are suitable for solar arrays.

In order to keep rates low xcel energy has turned to private solar developers to design permit construct and finance these projects. The amount of land desirable for a lease typically ranges from 10.