What are the factors that affect solar lease payment value?
Being near electrical infrastructure is key. The maximum mileage away your property should be is 4 miles from a substation or a transmission line. If you have a large amount of acreage that can be built on, the distance might be remedied if needed. Buildable acreage is another important factor for solar payment value. Flat land that is not located in a flood zone is ideal for solar panels to be built and supported.
Can LandGate tell me the value of my land for a solar farm?
Yes. LandGate provides your potential dividend for a solar farm. It is a valuation of your property’s worth for a solar lease. The potential dividend for solar leasing is derived using solar irradiance data, incidence angles, topography, distance to electrical infrastructure (substations and transmission lines), local electricity prices, government incentives, revenues, and the cost of production in your area. To see your land's estimated solar lease value, generate your free Property Report on our map:
Leasing your land for a solar farm provides:
Stable and predictable income
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
What factors go into how valuable my land is for solar energy?
There are a lot of factors that affect what you can get paid when you lease land for solar energy, such as the size of your property, distance to electrical infrastructure (transmission lines and substations), topography, and state and federal incentives, just to name a few. Additionally, the size of the project will have an impact.
Larger utility-scale projects could require 100 acres or more, whereas small to medium-scale projects could require 2 – 40 acres. Future needs for electricity in your area, ease of access to your property (highways or farm roads), and supply and demand for solar sites in your area are also factored in. If your land has easy access to highways or farm-to-market roads, your solar rights value could increase. To see what the solar rights on your land are worth, generate your free property report on our map:
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