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Every day, more and more farmers and landowners are choosing to turn their unused land into solar farms. If you’ve been considering this option, you may be asking yourself, “who actually benefits from solar panel installation on my land?” The most straightforward answer is – everyone! Keep reading to learn more about the benefits of turning your unused land into a solar farm.
Key Takeaways:
The benefits of turning unused land into solar farms include, but are not limited to:
According to the U.S. Bureau of Labor Statistics, the solar power industry has the potential to create thousands of new jobs all over the country. When landowners decide to turn their unused private land into solar farms, it instantly creates a flow of high-paying jobs for local workers. Solar engineering, installation, development, construction, operations, and maintenance jobs all become available when you commit to solar power on your unused land. Training for these types of jobs is a terrific investment for anyone looking for long-term employment in the growing solar energy industry.
Of course, a solar power benefits list would be incomplete without mentioning the amazing impact it has on the environment. Right now, the majority of our electrical power comes from fossil fuels such as petroleum, coal, and natural gas. Tons of toxic chemicals, like greenhouse gases, mercury, and arsenic, are released into the air when these fuels are burned.
If the global community continues to rely on these fossil fuels, we’ll destroy the planet and see a significant rise in climate change. Solar power is a clear path towards energy storage while eliminating the use of damaging chemical fuels. The goal of the solar power industry is to replace our dependence on fossil fuels entirely. When you dedicate unused land for solar panel installation, you’re playing a substantial role in saving the environment.
Selling or leasing land to produce solar power panel systems can provide significant financial benefits to those with unused land. For many not utilizing their land for agricultural purposes, land maintenance and upkeep are still necessary, even though it’s unused. This maintenance can be costly without seeing any monetary returns. You can see both short-term and long-term gains by leasing or selling land to be turned into solar farms. This is especially true for farmers who may be combatting a decline in the agricultural industry and struggling to maintain acres of land.
Thankfully, the government is a strong promoter for solar energy farms. A lot of landowners often overlook the advantage of an increase in tax revenue. Solar farms have been contributing millions of dollars in property taxes to local counties all over the country. Investors and developers predict that this trend will continue to rise as time goes on and solar farms become more popular. In addition to the tax benefits, communities investing in solar panel installation are also seeing lower energy costs.
Another key advantage to leasing unused land for the production of solar farms is that it’s a low-risk investment. Most developers only need an average of three months to develop a solar farm, and the cost of construction is surprisingly low. The best part is, the sun does not stop shining!
While coal and oil production will consistently see obstacles in availability and development, solar power can continue on forever. These benefits are especially strong in places like Florida, Texas, and California that get an abundance of sunshine year-round. Because of the low cost of production and sustainability of solar power, dedicating unused land to solar farms is considered a low-risk investment.
If you’re interested in learning more about solar farms, partner with Sunlight Energy Advisors. We can help you make an informed decision on leasing or selling unused land for solar energy storage. Contact us today to hear more about the many benefits of dedicating your land to solar power.