Source: NCSU COOPERATIVE EXTENSION, 2/15/22


The Solar Lease Opportunity

Leasing land for solar facilities has often been promoted as a source of potentially significant income for property owners, particularly people with farms that are out of production or other idle rural land. North Carolina was one of the leaders in the nation in siting solar facilities and sourcing solar energy. In the early years of development, solar photovoltaic (PV) developers had more choice in location and size of development, and they enjoyed a state tax incentive. The market is significantly different today owing to legislative changes that have revised renewable energy procurement by utilities. The demand has slowed somewhat; however, opportunities for property owners still exist for the near future.

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