It is no secret that Massachusetts boasts some of the country’s most beautiful landscapes, but what a lot of Massachusetts residents do not realize is that they could be making a consistent annual income through the lease of their land for solar development. Sunpin Solar, named one of the nation’s top five solar development companies, is an expert in the growing Massachusetts solar market.
Massachusetts: The Solar State
“With over 100 MW’s of solar installations under development in Massachusetts, we’re rapidly increasing our Massachusetts and solar portfolio and presence across the United States,” said, Sunpin Solar’s Vice President of Development, XJ Chen.
Are you a Massachusetts landowner who has considered getting involved with solar development, but are a little overwhelmed? This easy guide will answer your questions:
How exactly will I benefit from solar?
The overall benefits of solar energy to the Commonwealth are clear – there are no toxic emissions, it is a clean, quiet, simple energy source that is renewable and sustainable. This industry creates jobs and reduces energy costs.
There are very attractive financial benefits for individual solar developers. Massachusetts makes solar very appealing and easy for their residents: the state recently established a new program called Solar Massachusetts Renewal Target (SMART) specifically to support solar development through tariff based incentives.
Bottom line: solar development is a low-risk, guaranteed source of income.
How do I know if my land can be used for solar?
Do you own a parcel of underutilized land that is at least 10-acres and is mostly flat, cleared, unshaded and located within about a quarter of a mile to the power grid? If so, you may be a good candidate to sell or lease your land for solar development.
Sunpin Solar is looking for land that can support the installation of solar panel fields, so we consider several factors including topography and access to sunlight. We also assess the environmental impact that a solar project may have on the land; we need to assure that this project is nothing but positive for both man and earth. We cannot pursue a project where there are wetlands or protected species.
The best thing to do is to contact us and we can help answer your questions.
What are my options – lease or sell?
Sunpin Solar works with landowners who choose to do both! Many landowners enter into a ground lease with us that typically last for 20-years. The benefits of this are 20-years of guaranteed income, with the option to revert the land back to its original use after the term has expired. The lease terms will vary on a case by case basis.
Other landowners choose to sell the property to Sunpin outright finding this simplifies the process, is lower risk and receive a slightly higher value. Another option is to enter into a sale after a leasing agreement is in place. A landowner may receive a better overall return with this option.
Recently Sunpin Solar has successfully completed several Massachusetts solar development projects. Learn more here.
How does it work – what is the process?
The first step is to call Sunpin Solar. We will do everything else:
• Assess your Site: Sunpin Solar assess your site to determine if there is enough space to accommodate solar equipment. If the property is a fit, we’ll move forward by providing a lease or purchase offer.
• Obtain Permits: Once we’ve verified your site, Sunpin Solar handles everything else. You don’t have to worry about reviews, permits, site and environmental assessments, or public meetings. We also make sure to meet all legal mandates during this phase. All of this is done at no expense to you–in fact, Sunpin will compensate you during these preliminary study phases.
• Construction: After the paperwork is complete, Sunpin Solar takes care of all construction logistics, activities, and costs. While solar energy construction projects can last up to a year, Sunpin Solar strives to keep this process as low maintenance as possible, always aware of contiguous land uses and of the community’s noise and traffic standards for large-scale construction projects.
• Ongoing Operations: When the site is ready, Sunpin Solar turns operations and maintenance over to our experienced staff. Sunpin Solar prefers to hire from within the community by offering internships in conjunction with area high schools and colleges, and local job fairs.