A solar farm is a great investment opportunity as it can generate regular income and appreciate value over the years. Moreover, it aligns with a sustainable mindset by creating clean energy from a renewable source. You can easily start a solar farm if you have land and a basic understanding of a few key concepts. But you must invest time and effort into planning and preparation before starting the project. Let us explain a few things a novice should know about setting up a solar farm.

Understand the concept

If you are a sustainability advocate, you will probably know the significance of using renewable resources to produce energy for residential and commercial use. A solar farm generates and supplies clean power to the electricity grid. It consists of a photovoltaic system that operates like a power plant. The system has ground-mounted solar panels installed across a large area of land. Besides producing clean energy, the system creates a steady income stream that lasts for a lifetime.

Know the types

Another factor you must understand is that there are two types of solar plants. In fact, it is a key piece of information to get when you want to know how to start a solar farm on your land. The utility-scale version refers to installing multiple panels to absorb energy from the sun, convert it into an electric current, and distribute the current on high-voltage power lines to homes. The second option is a community-scale solar farm, which serves as a small-scale facility for a local community comprising homes and businesses. The participants share the power as a group benefit, which reduces their energy bills and carbon footprint in the long run.

Consider the land factor

Setting up a solar farm is a great use of spare land, so you must definitely consider the idea. It enables you to do your bit for clean energy goals and healthier communities. You may even lease out the lot for the purpose if you do not want to set it up yourself because it still gets you lease income while supporting the planet. Check the land feasibility to implement one of these options sooner than later. Typically, 6 to 8 acres of land can generate 1 MW of solar energy, so ensure you have at least the minimum space for the project.

Check the timelines and costs

Planning a solar farm is a great idea, but you must know that it is a long-term commitment. The timelines for the project depend on its size and the number of people you employ for it. Although the installation takes a few months, getting the necessary environmental permits is the tricky part. It may take years to get the approvals and contracts. The cost of a 1 MW installation can be around 1 million dollars, but it promises an excellent ROI as it can power 200 households in the area.

Takeaways

Knowing the factors involved in starting a solar farm empowers you to make a smooth launch for your sustainable farm project. It prepares you with clear expectations regarding land feasibility, timelines, and cost. You want to ensure that you identify your long-term goals and choose a plan that will generate the most desirable outcome for you. You will be happy you made the choice early to invest in something that will contribute positively to creating sustainable energy for our planet. Your returns will far outweigh the costs, and you could even consider more farm projects in the future to grow your sustainable business further.