A group of solar panels make up a solar array like this one mounted on a flat roof
Solar Lease Considerations in Nebraska
The technology for production of solar electricity has declined in price dramatically in recent years which has led to installations of small, medium and large solar electrical systems throughout the country. Land leases are a common method of accessing land for solar electric systems. A landowner should carefully consider these agreements prior to signing. Key to a fair agreement are the issues of land use impacts, duration of agreements, obligations of the landowner, compensation, and decommissioning. For more information see the article Solar Lease Considerations in Nebraska.
Solar Power in Agriculture
Solar power is the energy we are able to harness from the sun. Solar power is commonly thought of as a way to produce electricity. This is done with silicon solar panels. It is also used as a form of thermal energy, providing heating and drying abilities. This is also a renewable and non-carbon producing energy source. Solar power became a popular renewable energy source in the 1980s with better understanding of solar panels and government-funded research.
Economics of Solar Photovoltaic Systems
1. Determine if you have a viable site (facing south with little shade).
2. Determine the total installed cost of a system from your local solar installer.
Work with the installer to estimate annual production from solar array.
3. Determine your cost of electricity (check your most recent electricity bill).
Check state net metering laws.
Check your local utility’s net metering policy (in some cases local utilities have a more generous policy than state law).
4. Calculate simple payback.
5. Determine eligibility for local, state, and federal grants and tax credits.
6. Calculate payback with incentives.
7. Include inflation estimate in your calculations.
8. Calculate internal rate of return and net present value using a spreadsheet or an online calculator.