Solar Farm Lease Rates Per Acre
The most commonly asked question by landowners regarding solar farms is how much can i lease my land for.
Solar farm lease rates per acre. Companies are advertising in farm magazines in an attempt to coerce landowners to sign up their land for solar. Therefore contractually fixed rental rates on a per acre basis are the most common structure for solar farm land leases. The cost of land for 1 mw plant will therefore translate to 2 500 per month on average. What are the per acre lease rates for utility scale solar projects.
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. Who will maintain the land. Is a utility scale solar project subject to the public utility tangible personal property tax. The popularity of solar leases has increased significantly in the last year.
This is a good thing for landowners as it makes the job of projecting lease revenue much simpler. Opportunities exist to make major income from solar leases as companies advertise lease rates of 800 to 1 200 per acre annually. Solar farm acres per megawatt. For example the solar farm land requirements for a 1 megawatt solar plant is around 5 acres.