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Ground Solar Arrays: Examining the Return on Investment

You’ve likely heard of Brownfields and landfills being turned into solar farms as they have $0.00 value to ever be utilized for any other purpose.

Likewise, with the subdivision market for land remaining weak and real estate development still far below pre-economic downturn levels, there is now an increased number of residential and commercial land owners now looking to solar as another profitable alternative use for their land.

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Ground arrays can range from 5kW to 30MW to 50MW and more, but for perspective, it takes approximately 5 acres to accommodate 1MW of solar. And the advantages of ground arrays are numerous, with just a few of which being:

  • As opposed to other developments, they do not require water, sewer, road development, produce no noise or emissions.
  • Panels can be faced in the ideal southern direction, no worrying about roof orientations.
  • Calculable return: The sun shines – the system generates a predictable amount of power
  • Should you decide to lease your land to a developer, today’s land lease prices average $2,000 per acre annually. (Source: LandVest)

There are still many factors to consider though requiring a company experienced in all faucets of solar farm development.

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Contact Beaumont Solar (508-990-1701) and we will evaluate your site for elements such as proximity to 3-phase power lines, potential off takers of the power, evaluating PPA and leasing options and calculated ROI.

This was originally posted on Beaumont Solar’s Photon To Grid blog in 2012.