Earnings Per Acre Solar Panels

A 10 acre site next to a substation outside of an urban area with high land prices might be justified in asking 2 000 per acre.

Earnings per acre solar panels.

Well according to landmark dividend the average solar farm profit per acre lands somewhere between 21 250 and 42 500. This means that for a 1mw solar pv power plant the area required is about 2 5 acres or 100 000 square feet. A community solar project sometimes referred to as a solar garden or roofless solar is a solar power plant whose electricity is shared by more than one household. In most cases a community solar array is a large ground mount installation that spans one or many acres.

It s important to remember that all the solar pv earnings you make must be offset against the cost of installing and maintaining your solar system. Even in rural areas of north carolina or california where demand for small solar sites is high rent over 1 000 acre would be common by a substation with capacity. As the solar farm footprint gets smaller and closer to urban centers the lease rate could exceed 1 000 ac yr. In places like virginia and illinois large farms can fetch over 800 per acre although dependent on multiple factors.

Of course it s very important to remember that these figures vary wildly on a project by project basis thanks to some of the factors we ve discussed above. It s important to note that the earnings per acre could go much lower or higher depending on multiple factors centered around the value of such land. Lease rates are also determined by the same. Installation cost ranges between 2 500 to 15 000 and maintenance may include roof strengthening cleaning the panels and clearing overhanging branches.

Larger acreages typically come with a lower acre lease rate. For a typical solar installation the general rule of thumb is that for every 1kw of solar panels needed the area required is approximately 100 square feet. On average 1 square meter of solar panels directly exposed to sunlight will receive about 1 kilowatt hour kw h of energy per hour for the six hours it is exposed to effective sunlight or 6 kilowatt hours of solar energy a day. This income depends on the project.

For a large solar farm 50 300 acres in a rural location lease rates could begin around 250 acre year. In the southeast the same size of the land will go for about 500 per acre per month. Expansive tracks of land such as over 100 acres for large solar power plant projects will require a 300 500 per acre in texas.