By Ben Weiner
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14 Sep, 2021
As you may know, solar panels produce the same electricity that can be used for homes, buildings, and even to charge electric vehicles! When you are using electricity from solar panels, you are offsetting electricity that would otherwise come from the local utility company. This means you pay the utility company less money! There are also state and federal tax incentives, to help you save more money. Many states and local municipalities are now offering additional grants and incentives for installing solar & batteries. This all means more money back into your pocket! Another popular money-making opportunity is for land-owners to lease their land to a company that wants to install a solar "farm". Leasing land requires ZERO costs from the land-owner, and there is no encumbered responsibility for any aspect of the solar farm. Typically the land lease rate is offered per-acre, and an escalator can also be included. It is important to know the land must be relatively clear and flat, and typically at least 5+ acres in size. Also, most land leases last for a period of 20+ years, so keep in mind your land will not be available for you to use.