As states continue to emphasize solar see california s solar panel mandate leasing could be an affordable option for many residents.
Positives and negatives of leasing land for solar panels.
Disadvantages of leasing solar panels.
Installing a solar farm on farmland could cause the land to lose its current agricultural use value status since the land is no longer used exclusively for agriculture.
If you have a solar lease or a power purchase agreement ppa you will need the new owner to take over your agreement which can be a hassle.
Here are the key pros and cons of solar farms to consider.
If we run out of sunlight then life on our planet would change dramatically.
One of the most obvious candidates for a solar site lease is a piece of dormant land.
Lithium ion battery packs capable of storing solar energy cost approximately 1 000 per kilowatt hour.
Leasing that land to a solar development company is a personal decision that is made based on a multitude of factors.
Whether the landowner does not own water rights or the land will not produce anything when it is farmed a solar site lease can drastically increase the value of an otherwise dormant piece of land.
We ve put together a pros and cons list to get you thinking about whether or not it s a good fit for you and your land.
The disadvantages of solar leasing include.
1 solar leasing companies get to claim the tax credits rebates and srecs.
The goal of using solar energy is to reduce if not eventually eliminate our dependence on fossil fuel resources.
Solar leasing does have some drawbacks potential lessees should pay attention to.
List of the pros of solar farms.
For one lessees won t qualify for tax incentives.
It appears that multiple solar companies are aggressively scouting and romancing property owners throughout the state with their promises to lease a few dozen acres and up to hundreds of acres of land with high rental rates per acre.
Commonly the price offered is lower in the development phase and higher during the operations phase.
Solar leasing may be more quick and convenient than purchasing solar panels but there are many reasons why buying a solar energy system might be a more sensible choice.
This is food for thought among the solar farms pros and cons.
This makes sense as there should be income generated during the operations period while the same is not true during the development phase.
Problems with solar leasing.
Solar leases likely will prevent any other property use.
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