Converting farmland to solar this is a long term.
Solar farm lease rates ny.
When a property catches the attention of a solar developer they will usually send out a surveyor to determine whether or not the property meets certain.
As you consider leasing your land for a solar farm there are many things to consider including.
Across the state developers are looking for parcels of land starting at approximately 10 acres that are suitable for solar arrays.
And in this case the going rate for land in ny for community solar projects currently hovers between 1 000 and 1 5000 per acre.
You may wish to.
Restriction of future leases.
Solar leases are long term usually at least 20 years initially with an option to renew for another 20 to 25 years.
Installing a solar farm on farmland could cause the land to lose its current agricultural use value status since.
Solar developers are contacting farmers and landowners to secure long term land leases.
If the soil is decent and there is no infrastructure such as buildings municipal water fencing etc.
Lease land for solar farm whether landowners are interested in increasing the revenue your land generates land banking your property until more lucrative future development opportunities are available or being part of the paradigm shift to renewable energy a solar ground lease is a fantastic option for landowners.
In general cropland rental rates are higher than hay and pasture 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.
If you own land you would like to lease consider the installation of a solar farm.
A landowner who enters into a solar lease should expect to have solar panels on his or her farm for 40 to 50 years.
Lease rates can spike at least temporarily in response to a variety of triggers.
Compare that to central texas where lease rates are typically in the 400 600 per acre range.
New england cropland lease rates can range from 40 per acre year to 300 per acre year.
It is important to remember that just because the initial proposal might be for a 30 acre parcel there is no guarantee the way that the vast majority of these leases are written that the solar company is going to lease the entire 30 acres.
New york s solar market is growing fast and demand for sites to install large scale solar electric systems is high.
The amount of land desirable for a lease typically ranges from 10.
A reasonable cropland lease rate might be 75 per acre year.
Since utility scale solar leases have terms from anywhere between 15 and 50 years accounting for extensions built in annual rent escalation is the standard.
Other supply and demand issues.
Consider researching the going rate for land leases in your area.
The state of new york currently has a high demand for sites to install large scale solar electric systems.
