Solar Farm Land Lease Rates Uk

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.

Solar farm land lease rates uk.

In order to keep rates low xcel energy has turned to private solar developers to design permit construct and finance these projects. A solar garden constructed on ten acres can offset the equivalent. Solar farm land lease rates in the right locations solar is one of the most profitable uses of rural land. The above cost is non inclusive of the license fees and value of the land.

1 amount of land solar farms are usually quite large projects and will require a certain number of acres for a developer to be interested. The cost of land for 1 mw plant will therefore translate to 2 500 per month on average. 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. 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. 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. 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. On average 1 acre solar farm cost about 500 per month to lease in the united states.

12 9gw total uk solar capacity from. The popularity of solar leases has increased significantly in the last year. 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. Opportunities exist to make major income from solar leases as companies advertise lease rates of 800 to 1 200 per acre annually.

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. 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. We are not developers of massive solar farms spanning thousands of acres. Rather we focus our attention on small utility scale solar farms that generate anywhere.

For example the solar farm land requirements for a 1 megawatt solar plant is around 5 acres. As with any change of use with land expert advice should be sought to ensure that any regulations are adhered to and that profits are maximised.