Solar Farm Land Lease Rates Uk

With the uk government legally committed to meeting 15 of the country s energy demand from renewable sources by 2020 there is currently an opportunity for landowners to look into creating solar farms.

Solar farm land lease rates uk.

A land lease that makes the most of your space. The solar company may only end up leasing a portion of the property and then as a land owner you could be left with two small fields with a solar farm in the middle. 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. On average 1 acre solar farm cost about 500 per month to lease in the united states.

A solar garden constructed on ten acres can offset the equivalent. 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. The popularity of solar leases has increased significantly in the last year. 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.

In order to keep rates low xcel energy has turned to private solar developers to design permit construct and finance these projects. 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. 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.

12 9gw total uk solar capacity from. Companies are advertising in farm magazines in an attempt to coerce landowners to sign up their land for solar. 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. For example the solar farm land requirements for a 1 megawatt solar plant is around 5 acres.

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. 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. How are solar farm land lease rates determined.

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. Solar farm land lease rates in the right locations solar is one of the most profitable uses of rural land.