Solar Farm Lease Rate Minnesota

The state of new york currently has a high demand for sites to install large scale solar electric systems.

Solar farm lease rate minnesota.

The solar arrays typically have a 20 to 25 year lease says colleen hollinger public relations and business development for minnesota based prairie restorations. Farmers considering leasing acres for solar can positively impact native habitat because they can require that it s planted to a pollinator friendly standard. Installing a solar farm on farmland could cause the land to lose its current agricultural use value status since. When a property catches the attention of a solar developer they will usually send out a surveyor to determine whether or not the property meets certain.

The amount of land desirable for a lease typically ranges from 10. Your lease may preclude you from signing an oil and gas lease farmland rental timber agreements or other leases agreements. Converting farmland to solar this is a long term. 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.

The short answer is it depends but solar lease rates also called rents typically range from 250 to 2 000 per acre per year this article looks at the factors that influence the rates a solar developer may offer for your land. If you own land you would like to lease consider the installation of a solar farm. Solar leases are long term usually at least 20 years initially with an option to renew for another 20 to 25 years. In addition solar is a clean renewable source of electricity that can help reduce our dependence on polluting fossil fuels protecting our health and the environment.

Restriction of future leases. As you consider leasing your land for a solar farm there are many things to consider including. All of the examples below feature renewable energy and energy efficiency projects at minnesota farms and small businesses. A landowner who enters into a solar lease should expect to have solar panels on his or her farm for 40 to 50 years.

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. Solar developers are contacting farmers and landowners to secure long term land leases. Since agricultural land is a prime target for developers. This article from the land talks about the rise of solar in particular on minnesota farms for controlling energy costs.