- Income Generation: Steady income without requiring active involvement.
- Diversification of Income: Leasing can diversify a landowner’s income portfolio.
- Unused or Unproductive Land: Leasing land for solar development can make use of unused land and generate income.
- Long-Term Investment: Solar leases can provide a stable and long-term revenue stream.
- Property Value Enhancement: A solar installation can potentially increase the overall value of the land.
- Tax Benefits: In some cases, landowners might be eligible for tax incentives or credits.
- Preservation of Agricultural Land: Leasing land can provide an alternative source of income for farmers and ranchers, allowing them to keep their land rather than selling it.