Renting land for a solar farm is a commercial lease and is not an agricultural use, so Agricultural Property Relief from inheritance tax may be lost. Transferring ownership of the land to another individual or trading entity before any development starts may be worth considering, to minimise the tax implications, but seek professional advice.
With solar farm land lease rents ranging from £850-£1100 (depending on variables such as development size and location) per acre per annum, rental rates compare favourably with other income streams such as agricultural and livestock farming, event hosting and storage services.
Solar Farm Land Lease Programs offer an opportunity for farmers, estate owners and other landowners to diversify their income streams and realise the potential of land that may otherwise be left overgrown or redundant.
The concept of Solar Farms for a Landowner is a simple one. A Landowner agrees to lease out their land for up to 30 years in return for an attractive rent and at no cost to the Landowner at any stage. Rents of circa £750* per acre per annum can be expected (*depending upon many variables including; location, scale, grid connection, etc.).
Land rental is paid per acre and compares favourably with other uses (including agricultural leasing). Solar land lease revenue streams provide financial certainty and can play a vital role in ensuring families maintain ownership of their farms and estates into the future.
In many cases, the best way to manage the land beneath the solar farm is to graze it with sheep. Subject to the investor you choose to work with, you could retain the right to graze the land and keep farming and benefit from a double income. Likewise, there are great opportunities to boost biodiversity.
Guide to Land Leases for Solar
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Leaseyourland .uk
Earn up to £1000/acre/yr for 40 years. Lease your land for a solar farm today. Get in touch and we can make it happen.
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