Sun-Powered Income: The Advantages and Challenges of Leasing Your Land for Solar
The demand for utility-scale solar power is rising, and with it, the demand for suitable land. In the first quarter of 2024 alone, 11.8 gigawatts (GW) of utility-scale projects were installed in the U.S., accounting for 75% of all new electricity-generating capacity added to the U.S. grid. This reflects a growing trend in solar investments. In fact, the U.S. The Energy Information Administration (EIA) forecasts that solar energy will be the primary driver of growth in the U.S. electric power sector, increasing from 4% of electricity generated in 2023 to 7% in 2025.
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