Comment on [deleted]

partial_accumen@lemmy.world ⁨1⁩ ⁨month⁩ ago

• amksenin@lemmy.world ⁨1⁩ ⁨month⁩ ago

  There’s a solar farm 1km away. I heard here it would require like $1m of investment and it pays for itself in 7 years but that’s above my pay grade AFAIK

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  • foggy@lemmy.world ⁨1⁩ ⁨month⁩ ago

    I mean…

    So do 1/10th of that. 100k pays for itself in 7 years? Still have 9/10 of your land to play with.

    Just a thought. turnkey operations are geist for land ownership.

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  • Andromxda@lemmy.dbzer0.com ⁨1⁩ ⁨month⁩ ago

    You could get a smaller amount of panels at first, and later expand your solar farm. But I don’t know if that would keep the costs low enough to be manageable for you, as solar panels aren’t even the most expensive part of a solar farm. The biggest upfront investment would probably be all the electrical gear, e.g. the inverter, etc.
    You could try getting a loan. Demand for renewable electricity is pretty high after all, banks might be willing to invest in something like this.

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  • Ledivin@lemmy.world ⁨1⁩ ⁨month⁩ ago

    Sounds like it’d be relatively easy to get a loan or investor with that kind of ROI. Seven years is nothing if it’s consistent and safe.

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