Opportunities exist to make major income from solar leases as companies advertise lease rates of 800 to 1 200 per acre annually.
Solar farm land lease rates uk.
With the uk government legally committed to meeting 15 of the country s energy demand from renewable sources by 2020 there is currently an opportunity for landowners to look into creating solar farms.
A solar garden constructed on ten acres can offset the equivalent.
The popularity of solar leases has increased significantly in the last year.
Firstly it s important to note that a number of variables determine the value of the land and thus the rates of the solar lease.
We are not developers of massive solar farms spanning thousands of acres.
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.
Solar farm land lease rates in the right locations solar is one of the most profitable uses of rural 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.
Renting land for a solar farm is a commercial lease and is not an agricultural use so agricultural property relief from inheritance tax may be lost.
The above cost is non inclusive of the license fees and value of the land.
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.
The cost of land for 1 mw plant will therefore translate to 2 500 per month on average.
On average 1 acre solar farm cost about 500 per month to lease in the united states.
12 9gw total uk solar capacity from.
How are solar farm land lease rates determined.
Companies are advertising in farm magazines in an attempt to coerce landowners to sign up their land for solar.
A land lease that makes the most of your space.
In order to keep rates low xcel energy has turned to private solar developers to design permit construct and finance these projects.
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.
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.
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.
For example the solar farm land requirements for a 1 megawatt solar plant is around 5 acres.
