A solar land lease is a long-term agreement between a landowner and a solar energy developer, allowing the developer to install and operate solar panels on the landowner's property.
With solar farm land lease rents ranging from £850-£1100 (depending on variables such as development size and location) per acre per annum, rental rates compare favourably with other income streams such as agricultural and livestock farming, event hosting and storage services.
How do I lease solar panels?
You can also lease the land to a company, university, or municipality that purchases the solar panels outright. Or you can lease your land to a solar developer like Verogy, who owns the solar panels and sells the energy to a company, university, or municipality through a power purchase agreement (PPA).
A new revenue stream right for you. Solar Farm Land Lease Programs offer an opportunity for farmers, estate owners and other landowners to diversify their income streams and realise the potential of land that may otherwise be left overgrown or redundant.
Should you lease land for solar power?
Here's the essentials: leasing land for solar power is a mutually beneficial deal between landowners and solar energy developers. While developers gain a new solar plant, the landowners gain a stable, long-term revenue stream from unused or underused plots. There's a third beneficiary – the UK itself, which gains increased clean energy capacity.
How does solar land lease work?
Land rental is paid per acre and compares favourably with other uses (including agricultural leasing). Solar land lease revenue streams provide financial certainty and can play a vital role in ensuring families maintain ownership of their estates into the future.
Solar land lease revenue streams provide financial certainty and can play a vital role in ensuring families maintain ownership of their estates into the future. The solar farm is planned, installed, maintained and decommissioned at no financial cost whatsoever to the landowner.