Ground Solar Arrays: Examining the Return on Investment

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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.

John Fitzgerald Weaver on Twitter
John Fitzgerald Weaver
Solar Power Plant Project Developer at Commercial Solar Guy
John Fitzgerald Weaver is a solar developer, digitally as the 'Commercial Solar Guy.' As a project developer and installer, he’s sold and managed 50+ solar projects, totalling over $25 million - with their sizes ranging from 5kW to 1500kW. He’s been involved in many aspects of the solar supply chain – as a company founder, developer, project manager, manufacturer, permit runner, salesman, contractor and financier, climbs mountains, played football, enjoys an IPA or scotch, needs to get away, and really loves this strange connection between politics, energy, finance, environment, etc in the energy world, and likes run on sentences.