Solar Farm Leasing Process 1 Determine Solar Property Value 2 Create Solar Listing 3 Listing shared with developers 4 Developer Negotiations 5 Buyer's Due Diligence 6 Closing 7 Development Phase 8 Construction Phase 9 Operations Phase FAQs LEASE LAND FOR A SOLAR FARM Do I have enough land for a solar farm? Required fields are marked *. Call us now at 855-867-3876 or complete the form below and one of our experts will get in touch with you shortly. This guide aims to help farmland owners understandsolar energy development and the solar energy leasing process. To compensate for this, they wont be willing to pay as much to lease your land for a solar farm. I appreciated working with Mr. Dan he was very professional, knowledgeable, and everything was at no charge. Solar is a top source of renewable energy across the globe. on building close relationships backed by trust, communication, and transparency. Solar farms can vary significantly in size, occupying anything from just a few acres to as much as several hundred acres. Then, you can claim ownership of your parcel to see the solar value of your property. Youll have some workers visit for maintenance but thats pretty much it. I still enjoy farming, but solar has allowed me to enjoy it more because I dont have the dread of the market dropping or of drought, which has been our biggest challenge., Joy Cooper: Our dad was born on the land, which has been in our family for over 100 years. Larger utility scale projects could require 100 acres or more. 13 Things (2023) You Should Know, What Is Right of First Refusal? Find out what solar costs in your area in 2023. CA: Arica Solar: 265: 1,355: EA . Theyll even pay all of the property taxes on the land. There are many exclusion zones that prohibit the construction of solar panels: After removing these exclusion zones from your acreage, you are left with the buildable acreage suitable for a commercial solar farm. We will review your information and be ready to tell you all the tax incentives and rebates in your area. Are energy-efficient appliances worth it? I have 240 acres which includes my 2 houses and some more personal property. Solar farms are costly. This is a concern that many landowners and farmers have. Our team of solar experts will contact you to gather information and work with you to assess if a solar lease agreement is mutually beneficial. He was very informative and even did research after sending him my documents. will play a role in solar value. Generate steady income by leasing it to a solar or storage developer. If your property is adjacent to a transmission line, distribution line, or substation, the developer can save interconnection costs and pass those costs onto you in the form of a higher lease rate per acre. Our solar farms are built to generate clean energy for decades to come, and because of this, we require a 40-year lease term. Since the value of solar energy usually far exceeds the cost of solar panels, solar farms can be very profitable. If your land has easy access to highways or farm to market roads, your solar rights value could increase. Some companies will offer high rates just to lock up the land. Landowners and communities throughout North America are seeing first-hand how solar pays off. Our primary focus as a business is providing widespread economic and environmental benefits through working closely with landowners, municipalities, utilities, and local communities at large to maximize the benefits for decades to come. Your search was not found, please try changing your search criteria. The Cons of Leasing Land to Solar Companies Making an informed decision requires a fair assessment of the cons and the pros. Both farmers and ranchers are well-aware of how detrimental climate change is to the planet. Verogy can work with you to lease your land to nearby utility companies that want to generate solar energy for their consumers. Reputable solar developers take the time (often over a year) to go through this process. If you have only a few acres, dont rule out generating income through leasing your land. The more land you have, the more money you get from solar panels. There are no additional costs required from the landowner. A Power Purchase Agreement is an agreement between the solar farm developer and a company wanting to purchase the electricity. Thank you Dan McCue for everything you do. You will be responsible for property taxes on the portion of your property that is not developed for a solar farm. Weve collected together articles, case studies and other resources to help you make a decision on whether its right for you.. Know what questions to ask before leasing your land for a solar farm. 144 Front St W, Suite 700 A solar land lease is a beneficial agreement for all concerned parties, offering a consistent, long-term passive income for the landowner, and a suitable project development site for the solar company. And because we only make money if a developer is interested in your land, we are motivated to market it for you, at our expense, to help you get the most for your land. Earn a secure and long-term income from your land. We strongly recommend you retain a real estate attorney, and we can help you find one. These factors include the proximity to the substation, capacity, etc. Using the sun to power our day-to-day activities is one way to impact our planet positively. This is a complicated subject. For example, heirloom tomatoes, peppers, and herbs all do well. When you do this process properly, you set yourself up for success in the future. I am grateful because of the information he was able to provide it is definitely going to help in the near future. 30 years down the road, lease is up. The size of these projects can range from a few acres for small community projects that deliver under 5 megawatts to dozens of acres for projects exceeding 20 megawatts (and higher). We value all our projects and our partners. is a project development company responsible for commoditizing energy infrastructure projects. Leasing your land for solar supports your family and your community through jobs, income and cleaner air. In an increasingly electrified society, it is essential to produce the required electricity sustainably. You can find more details on our. Our solar panels and equipment typically occupy only 30% of the leased land, leaving an array of opportunity for beneficial dual use. Will I still be able to farm and run cattle on my property if I lease it to a solar developer? Hello Bonnie, thats a good question and you should definitely ask that during contract negotiations. Among other things, this means the acreage is flat, continuous and in relative close proximity to existing utility substations. Landowners can upload documents to provide further details, Multiple listings for different resource types that landowners are interested in leasing can be created at the same time, LandGate agents can assist in creating a listing and provide support, After a listing is posted, it is added to LandGate's marketplace, where developers are able to view listings, Solar developers will receive a notification letting them know your property is potentially available for solar farm development, Interested solar project developers will reach out, with a tentative offer, beginning the negotiation process, Landowner and developer(s) negotiate the terms of the lease/purchase, LandGate or a broker can provide support through additional information and boilerplate legal documen, Landowner is welcome to hire an attorney that can review and provide legal counsel to the landowner regarding the agreement; LandGate can refer the landowner to a list of independent local attorneys at the landowner's request, Solar farm designs are sent to permitting and regulatory bodies for approval, Solar farm development may stall out in this phase depending on financial or regulatory considerations, Solar panels are being installed and connected to electrical infrastructure, The solar farm is generating electricity and the landowner receives payment according to their agreement, Income is insulated from market fluctuations associated with other types of land use, Doing your part in helping the U.S. convert to a cleaner renewable economy, 201 Milwaukee Street, Suite 200, Denver CO 80206, 55 Broadway, 3rd floor, New York, NY 10006. This is an option for those who don't want to build their own solar farm, but rather lend out their property to an external solar developer. To know how much your land is worth, get a free consultation with Smart Energy USA. My property currently has an 18 hole golf course on it. With growing demand for clean energy solutions across the country, and the increased availability of renewable energy incentives at federal, state, and local levels, developers and landowners are teaming up to construct solar farms nationwide. I could tell he enjoys what he's doing and I will keep him updated on everything to do with the mentioned mineral land. For more information, check out how much money a solar panel makes. Solar farms are a win-win as they enable landowners tomake money off of unused land, serve residents with access to better utility rates, and help states tackle energy and environmental targets. Our team has successfully executed large-scale renewable energy projects across North America. Since every acre of land has some value, a solar farm owner tries to maximize revenues by having as much land as possible. Call the office at 212.389.9215 or send us an email to learn more. Your email address will not be published. Once construction is completed, the majority of the solar project is allowed to go back to nature and seeded with a seed mix intended to enhance local biodiversity. Efficiency is a measure of a solar panel's ability to convert sunlight into energy. . Electricity Market In India 14.2K subscribers #MSEDCL #Solar_Projects For Business/Project Consultancy Enquiry (Whatsapp Number: +91-7439991317) I may be reached at rajibroychoudhary@gmail.com. It takes an acre of solar panels to generate enough power for 90 single-family homes. Your information is 100% secure. The Science Behind Solar Panels and How They Work Request A Quote Solar panels have emerged as, The Environmental Benefits of Solar Energy Request A Quote Contents What is solar energy? Yes. A general estimate for this amount is between $250 to $2,000. Yes, you can still lease your land for a solar farm if the minerals are already leased. You can also have a long-term rental contract with the utility for up to 30+ years, which means you have a guaranteed source of income. We visited Bruce Shaw at his farm in Jefferson County to talk about his experience with his solar farm. Well promote your land, at our expense, to qualified solar developers seeking to build solar farms in your area. Read more about our community partnerships. Having said this, solar panels do not require that much concrete and heavy construction, which does limit these effects. Construction Companies (aka EPC's) Project Developers Manufacturers, mostly based in East Asia, make solar panels and other important items like electrical inverters, transformers and racking systems. Location is more important than quantity when it comes to leasing your land. Get in touch with YSG today to find out if your land is suitable for a solar farm project, and how much you could earn from a solar land lease. Additionally, make sure that this utilization of land wont violate any current arrangements with governmental programs. If they have been leased, the developer will attempt to coordinate with the oil and gas company in an effort to ensure they can install solar panels on your land. Get connected to the grid and start generating clean power for the next couple of decades! Rates are typically paid per acre. How to use this guide. I think I have a good question. One of the secrets to our success is that we recognize the importance of the landowners with whom we negotiate our land lease agreements. Learn More 60+ YEARS OF RENEWABLE ENERGY EXPERIENCE 15,000+ ACRES OF SOLAR ENERGY UNDER CONTRACT 120+ We bring distributed energy and smart long-term renewable energy solutions to local communities while empowering everyone with energy choice. Terms of Use | Privacy Policy, BOSTON During the diligence period, project stakeholders are engaged and we work through engineering and design to secure utility interconnection agreements and site plan approvals, which includes all environmental agency sign-offs. Sitemap. We are committed to smaller utility-scale solar farm projects, because we believe this is the best way to get clean renewable energy to the largest number of people. Construction Phase This could last 2 4 months while they install the solar panels. Solar Provider Group works closely with you on a collaborative level to host a solar facility on your land. Suitable land does not harbor any endangered or threatened species, and is not a wetland. Contact us today at (800) 385-1802. Additionally, the size of the project will have an impact. As a landowner and community member, by leasing some of your land for solar you can be proud you have enhanced the taxable value of the property on which the solar farm is built meaning new revenues for local schools, counties, townships and cities. We will review your information and be ready to tell you all the tax incentives and rebates in your area. This is the number one draw for landowners. Exclusion zonescan be thought of as land that solar equipment cannot be placed on for one reason or another. Leasing land to solar companies provides you and the rest of your community a way to save on their utilities. Im interested in getting more information about the possibility of leasing my property for solar farming. LandGate experts help landowners receive top offers from institutional energy investors around the world to purchase your cash flow. Instead of paying for a solar system outright, the customer can pay a fixed monthly amount for. When it comes to solar farm land requirements, location is more important than the amount of land you have. Solar energy is good for the environment, but on the other hand, it costs more than traditional energy sources, usually natural gas, coal, and oil. While its not always the best idea to go with the company offering the highest lease amount, you may be able to negotiate up reasonably. We also may offer extensions which may be two, four, or five years in addition to the original lease term. Operations Phase (sometimes referred to as the Production Phase) This phase could last 20 30 years as they are not generating electricity. If you are a landowner with 20+ continuous acres and you're looking for a way to earn passive income, we'd love to talk with you. After the lease is up, we take down the arrays and return your land to its original state. Call the office at 212.389.9215 or send us an email to learn more. Every 1 MW of solar farm capacity requires around 2 acres of solar panels. The benefits of, How much energy does a solar panel produce How much energy does a solar panel produce? He even offered to still help and assist me even if I wasn't going to list the land through LandGate. She used to help New Yorkers find affordable housing, now she helps people find affordable land around the US. Toronto, ON M5J 2L7, HYDERABAD He got back with me in 4 days after I sent my documents. Generally speaking, a developer like YSG will require at least 10 acres of clear, flat land in order to construct a solar farm project. A solar land lease is a long-term agreementtypically around 25 yearsbetween a landowner and a developer, wherein the landowner receives rental payments from the developer. Leasing your land for solar farm development provides: Learn more about the benefits of leasing your land for a solar farm. Solar farms are enclosed by fencing and landscaping to minimize visual impacts and often add hundreds of trees to the neighborhood. Probably I can lease my 10 acres property on that company. The solar company will work with you and the operator to ensure that there are dedicated locations set aside for future drilling and development operations. Leases Executed 4/28/22. Panels are outdated and worthless. The number of years is also pre-negotiated and usually 25-30 years, with an option to extend the lease for another 5 - years. You can list land under 30 acres for solar panels, it just may be more difficult to get it leased. You should also note seasonal barriers that could tack on additional time. Dan McCue got back with me in less than a week. Solar farms do require land clearing and grading. Go to landgate.com, find your property and see how close you are to the nearest substation and transmission line. Its a secure and suitable option to make passive income while providing clean energy for your community. It can take thousands of acres to cover all your energy needs. Solar developers use a solar lease option to ensure that they will have the exclusive right to enter into a formal solar farm land lease agreement before they invest time and money into their evaluation period. This way, landowners who want to continue with traditional farming or keep portions of their land available for other uses, have the freedom to do so. As great as leasing your land can be, it doesnt come without its drawbacks. We work with long-term owners and operators to provide clean energy assets with stable, predictable cash flows. This is a complicated subject. Due Diligence: Before leasing the land, a developer will require a certain amount of time to perform due diligence at the site. Sometimes the yearly payments can be made on a per-megawatt basis. It allows land use for other farming operations. In most cases, the lease agreement will include annual rent escalation, with rates commonly between 1.5% and 2.5%. We recommend finding a solar developer you can trust and allowing them to guide you on the timeline. Solar farms can be converted to regular industrial use very easily with an excavator and berming (which could be done by a contractor), but it is not that easy to convert a commercial building of any type to one that fits in a grid without converting the electricity used to gas or diesel-electric (and eventually perhaps fuel cells). YSG's market focus is distributed generation and utility-scale projects located within North America. Farmers and landowners with land over 25 acres can lease their land to solar farms for additional income. How big is the solar energy market, 7 Reasons Go Solar Today Why people should go solar? Remedies: Substantial investment is involved in developing a solar farm, and so the developer may seek broad remedies in the event of the landowner defaulting. 2023 Smart Energy USA. For example, sheep and solar farms are a perfect match. Fill out our simple online form. They want to lease their land for solar farming, but theyre worried that this second source of income will interfere with their first. It will take less than five minutes. ), Learn more about leasing land to Lightsource bp. The number one thing is that we will still have a connection to the land, and were comfortable that Lightsource bp will be good stewards.. If you are interested in leasing your land, first research the terms and conditions of a solar lease. Company just leaves. All rights reserved. Proximity to solar farms also has not been found to deter the sales of surrounding agricultural or residential land. The size of that rent check will be determined by your location, market demand, land preparation work, and proximity to power lines and substations.