Solar panel installations have spiked across the country in recent years, with several producers now taking advantage of higher commodity prices enabling them to implement cost-saving measures for the future. For those considering adding solar panels to the farm, several considerations need attention beforehand. Ask yourself:
• Is there support from your community to increase solar panels?
• Will the developer pay you enough to close doors on competitors?
• Do lease payments take inflation into account?
• Who will receive the carbon and tax credits?
• Will you or the developer maintain the land around the panels?
• Will a removal bond be provided?
Solar panels can be a great to reduce costs and be more energy independent. Thinking ahead can help you determine if they’re a good fit for your operation. Read more on solar power considerations.
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