Solar power is on the rise in America: according to the Solar Energy Industries Association (SEIA), solar installations were the largest source of new power generation capacity in the United States in 2016 and beat other green energy competitors such as natural gas and wind.1While, the United States has seen more than 10.5 gigawatts (10,500 megawatts) of solar installations across the grid. bringing total photovoltaic capacity to nearly 40 gigawatts.2This capacity firmly places the United States as the world`s fourth largest solar power (behind China, Japan and Germany), but things are on track, as it is reported that an additional 12 GW of solar capacity is expected to be put into service this year.3This rapid development of solar energy has created considerable financial opportunities for both landowners and farmers. as the solar economy has become increasingly valuable over time. Solar projects have a short construction time that usually lasts no more than two or three months. Once built, solar projects are unmanned installations that produce no noise, emissions, lighting or traffic. Regardless of whether the landowner has no water rights or the land does not produce anything if it is mined, a solar site lease can drastically increase the value of an otherwise dormant land. If you own land and think this might be a good opportunity for you, please fill out our land contact form. It is certain to say that if the property in question is too far removed from the necessary infrastructure, or if the infrastructure simply does not exist, it is very likely that the property will be declared unfit for the development of a solar farm. For example, service roads are generally built to allow vehicles to access different components of the solar system, which may require the removal of high-quality crops and other natural vegetation such as trees and shrubs. If the land in question meets the developer`s criteria for an appropriate location, a lease is established and sent to the landowner.
This proposal usually contains items such as the length of the lease, the amount of space the developer needs and a breakdown of the rental costs. Of the various forms of renewable energy systems, solar energy is the most useful in Australia. The combination of the country`s climate and latitude means that much of its surface receives more than 4 kWh of energy per square metre per day from the sun. This amount of sunshine, or “sunshine,” is more than Europe, Russia and most of North America get on average. The only other places on the planet that receive similar amounts of sunshine are places like the deserts of North and South Africa and the areas bordering Mexico. This amount of sunlight firmly positions Australia among the top ten solar countries in the world, and as new projects are completed, it is likely that we will see Australia climb into the top 5 fairly soon. But it`s not just Australia`s position in the world that has led to a rapid expansion of solar projects: the technology that powers solar power is also advancing astronomically. Within a few years, solar panels have become cheaper and much more efficient in terms of energy production. And with the advent of new battery tanks or “battery farms,” solar farms can now produce energy on a large scale without the idea of reducing production. Solar rental offers guaranteed payments for the duration of the project, while the country continues to appreciate. It`s a great way to generate extra income on land, while keeping the next generation own in the family, including as a country bank.