H. DALE HERRING 352-356-1099

STAY INFORMED WITH THE LAND MAN

H. Dale Herring Presents; Living and Working in the Country

Dale's Message:    Solar Opportunities for Landowners & Farmers   I recently attended a ribbon cutting for a new 530 Acre Solar Farm located in North FL.   With over 330,000 solar panels, 1 yr. of actual construction and Millions of Dollars, it is now generating enough electricity to serve 25,000+ homes.   Solar works. As I always say, the numbers tell the story. Solar Power has become less expensive to produce than traditional methods, even Natural Gas.   I am currently working with a representative of a large solar company trying to locate sites that may interest them. They aren't operating like some agents that send out mailers and try to tie up your land forever. So, if you're anywhere in Florida and have an interest in Solar Farming, Please Contact Me.

Could You Build A Solar Farm on Your Property?    Solar power systems provide economic and environmental incentives and as the cost of renewable energy comes down there’s no better time to get into solar energy, but here are some questions to consider when making a decision.

AVAILABLE NOW: 338 Acres Perfect for Solar Farm, $4,300 Per. Acre, Near Newberry, FL.

How much acreage do you need?   Solar farms (aka solar parks and solar fields) are a large-scale application of solar photovoltaic (PV) panels to generate green, clean electricity at scale, usually to feed into the grid. They can span anywhere from 30 to 1000 acres and are usually found in rural areas.   One megawatt of solar typically requires 6-8 acres of land. The typical solar farm (which is getting bigger and bigger over time) is around 5-20 megawatts, so it could require between 30-150 acres. However, Solar companies are targeting larger tracts at this time.

How Much Money Can a Solar Farm Make?   Rental fees paid to the property owner can vary widely based on the unique characteristics of the land and the size of the solar installation.   On average, the solar farm profit per acre is somewhere between $21,250 and $42,500 per acre on an annual basis. But wait, there's a lot of expenses that have to be deducted before the landowner gets his share.

Does your land have good solar exposure?   Ideal land for successful solar energy ventures is flat, located in an area with high levels of sun, does not have too many trees (shade will reduce the output), and has southern exposure. For a quick look to see if your land is a good match use a PV watts calculator .

Are you ok with a long development cycle? Successful solar farms can take between 2 and 5 years to develop. Permitting, financing and construction are significant tasks. Developers typically ask for a short-term lease during the development phase followed by a long-term lease once a project is ready to be built. Get ready to be patient or sell outright.

Is your land located next to existing transmission infrastructure? Nearby high voltage transmission lines or substations are key elements of connecting a solar farm to the grid so that it can be sold to utilities. Building extra transmission infrastructure can be so cost prohibitive that it ruins the potential of a solar farm. If you haven’t bought land yet consider this factor when searching for properties.

AVAILABLE NOW: 338 Acres Perfect for Solar Farm, $4,300 Per. Acre, Near Newberry, FL.

Will the local utility buy the power generated by the solar farm? This might be the most important piece of the puzzle as there are countless plots of land around the country that fit the aforementioned qualities. But successful solar farms require one more key ingredient: customers. A regional utility or large commercial customer needs to be ready and willing to buy the power produced by the solar farm. Not sure if your local utility is looking to acquire solar? Give them a call and find out!

If you Want to sell your land for SOLAR, Contact Me!

Buying or Selling, contact THE LAND MAN TODAY!

‌ ‌ ‌

Visit our website thelandman.kw.com Email us NOW hdherring@kw.com