There has been a huge growing demand for renewable energy as governments are taking the initiative to create sustainable solar energy projects. For this, they need landowners to come forward and help the solar developers by leasing land for solar farms. A landowner can earn a passive income by leasing land to the solar developer. Other than these, there are several advantages that you should look forward to.
Reasons to lease your land for solar farm
As a landowner, you might have several acres of land that are not in use and aren’t earning any money through them. To convert the land for agricultural use, you must invest money, time, and other resources. However, by leasing your land for a solar farm, all these headaches get eliminated, and it also has many opportunities, such as:
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Steady income
When leasing your land to solar developers, you can generate $250 to $2000 per acre annually. This is your steady and predictable income, and as the solar farm demand increases, so does the rent every year. Thus, you can predict your income for the duration you have leased your land, which may be 20 years or more. Also, you do not have to face any economic challenges for conventional farming.
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No expenses for landowners
You must put up your land on lease for the solar project. The solar developers would conduct a solar land survey before the agreement, and there are no other expenses that you have to bear. There is no time-consuming work, purchasing solar equipment, or even maintenance. All you have to do is sit back, relax, and collect the money you will get for the next 20 or more years based on the agreement.
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No maintenance
You do not have to spend money on land maintenance; it is the solar developer’s duty. They usually have equipment for maintenance and to take care of the solar farm. They also invest in landscaping and ensure that the solar farm does not inconvenience the neighborhood or disturb any neighboring properties. The solar developer addresses all the concerns while you relax.
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Working towards sustainability
When you put up your land for a solar farm, you are taking a step towards sustainability. You do not have to plant crops to make the soil productive during the tenure of a solar farm; instead, the soil becomes a pollinator habitat naturally. It also becomes a home for several flowering plants and provides food and a nesting area for birds. As a pollinator habitat, the land is a core area for enhancing other nearby crops.
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Saves utility bill
You can also purchase the solar energy generated on the solar farm. This would help offset the utility bills, as solar energy is quite cheap. So, it is a win-win situation for a landowner who wants to lease out land for a solar farm.
Summing it up
If you want to lease land for a solar farm, you must contact the solar developer to get an accurate idea about the lease agreement, set up a site visit, collect additional information, go through the pre-lease agreement, and finally sign the agreement. Solar developers from Inthequeuellc.com will help you understand whether your land qualifies for solar leasing.
