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.
Comment on [deleted]
amksenin@lemmy.world 1 month agoThere’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
Andromxda@lemmy.dbzer0.com 1 month ago
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.
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.