Leasing Land For Solar Farm In Illinois

Even within states the variance of land prices can be large and mainly has nothing to do with solar farms but rather the more common uses of property.

Leasing land for solar farm in illinois. Since agricultural land is a prime target for developers. The cost of land for 1 mw plant will therefore translate to 2 500 per month on average. A land lease that makes the most of your space. More than a few of my clients have been approached by various companies about leasing their farmland for solar development.

A solar garden constructed on ten acres can offset the equivalent amount of co2 as 2 950 acres of u s. A solar farm land lease is available in michigan ohio iowa illinois wisconsin nebraska and more. For example the solar farm land requirements for a 1 megawatt solar plant is around 5 acres. As always i highly recommend that landowners consult an experienced attorney to review any lease agreement including a solar lease before it s signed.

As stamford texas attorney james decker explained we re still early in the era of solar energy development in. Lease your land for a solar panel farm today. We are not developers of massive solar farms spanning thousands of acres. They ll even pay all of the property taxes on the land.

It should not be surprising then that there would be big differences in solar farm lease prices throughout the u s. A landowner who enters into a solar lease should expect to have solar panels on his or her farm for 40 to 50 years. On average 1 acre solar farm cost about 500 per month to lease in the united states. Rather we focus our attention on small utility scale solar farms that generate anywhere.

Before leasing land for a solar farm there are a few items that property owners should take into consideration. The above cost is non inclusive of the license fees and value of the land. Installing a solar farm on farmland could cause the land to lose its current agricultural use value status since. 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.

I ve been contacted by a company wanting to enact a solar lease on my land. The solar developer or whoever ultimately owns the solar farm built on your property will maintain the farm at their expense. What issues do i need to be aware of. Solar leases are long term usually at least 20 years initially with an option to renew for another 20 to 25 years.

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. First even though solar farms typically require less maintenance than other forms of energy generation they can still have a dramatic effect on the local surroundings.