Solar Farm Income Per Acre In India

Answer originally written in oct 16 hence all the data is probably invalid amol given the fact that land is in pune district i would start with the fact that the project will not make commercial sense.

Solar farm income per acre in india. According to the solar energy industries association commercial prices to install solar have fallen by 58 since 2012 and by 16 in 2016. The most commonly asked question by landowners regarding solar farms is how much can i lease my land for. Solar farm land lease rates vary with the amount of land leased for the project. For example the solar farm land requirements for a 1 megawatt solar plant is around 5 acres.

Companies are advertising in farm magazines in an attempt to coerce landowners to sign up their land for solar. On average 1 acre solar farm cost about 500 per month to lease in the united states. It s a great way to provide stability. For example the itc provides solar developers with a 30 tax credit on the price of a solar installation and in some regions solar energy production has fallen to as low as 4 cents per kilowatt hour making solar energy even cheaper than traditional fossil fuels.

For a large solar farm 50 300 acres in a rural location lease rates could begin around 250 acre year. A good number for solar farm cost per acre is typically 500 000 here in the u s. A 10 acre site next to a substation outside of an urban area with high land prices might be justified in asking 2 000 per acre. Opportunities exist to make major income from solar leases as companies advertise lease rates of 800 to 1 200 per acre annually.

The popularity of solar leases has increased significantly in the last year. Max you will be able to squeeze is 1 6 1 7. 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. Even in rural areas of north carolina or california where demand for small solar sites is high rent over 1 000 acre would be common by a substation with capacity.

In 2016 solar made up 39 of all new electric generating capacity. Calculate how much it cost to start a solar farm. The cost of land for 1 mw plant will therefore translate to 2 500 per month on average. As the solar farm footprint gets smaller and closer to urban centers the lease rate could.

Solar farm acres per megawatt. A 10 acre solar farm near a substation outside an urban area might command 2 000 per acre rent for the landowner but more rural areas near a substation might be over 1 000 for the same size tract. Larger tracts over 100 acres might rent between 300 and 500 per acre as many do across texas with an average nearer 500 across the southeast.