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.

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.

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.

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John Weaver
John Fitzgerald Weaver has worked in the Finance and Solar fields since 2005. He is currently employed by Beaumont Solar Co. with a focus on Commercial and Utility Development. John is a hands on salesman, with a strong engineering background who got into solar power because he felt a lack of inspiration in banking:

“Solar power aligned with many needs – my interests (technology), my morals (I think solar is important on multiple species wide levels), my need for growth (there is a lot to learn in this growing industry), and my desire to be part of something important (energy is one of the most important and fundamental – if not the fundamental – of human needs). I chose the Solar Life”

If you have a solar project in mind, you can reach John at 508-990-1757 extension 209

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