2 - 5 MW landowner and community owned
Fast Track Investment Program
Solar Farms in Galatia, Illinois can now be owned by landowners and the local community.
Our 2 – 5 MW Fast Track Landowner and Community owned solar farm development program is for community members and landowners of Galatia, Illinois.
Our primary goal is to bring power, profits, and jobs back to the people who live and work in their communities. After carefully analyzing Federal Energy Regulation Committee guidelines, Solarcollab has identified a low cost, fast track model to develop, fund and build 2 – 5 MW solar farms across Saline county, Illinois.
Why only only 2 – 5 MW?
Primarily because we can get them constructed and interconnected to the grid in record time, at minimal cost, and with fewer regulatory requirements.
This solar energy investment program is completely unique… a first of its kind, developed by Solarcollab. The program is designed to allow landowners to earn income from leasing their land AND to also participate in the OWNERSHIP of the solar farm.
We are able to apply for rural grants that reduces the total cost of each solar farm… and we raise the money for each solar project on the Solarcollab Crowndfunding Investment Platform, selling shares of the Solar Power Plant to members of the local community. This is the first program of its kind that is designed to redistribute the profits of the venture back to the people where each solar project is located by crowdselling shares of ownership for each solar farm.
Four Easy Steps To Develop A Community Solar Farm
in Galatia, Illinois
Identify Land In Galatia, Illinois
Identify a minimum of 10 - 14 acres of land that are flat, clear and available. On average it takes between 5 - 7 acres per 1 MW.
Fill Out Our Host A Solar Farm Application Form
Scroll down to the bottom of the page and fill out our "Host a Solar Farm Application Form".
Solarcollab Approves and Coordinates Development
A Solarcollab project manager will review the application and contact the legal land owner to receive permission to begin the solar farm development process.
We Raise Funds On Our Investment Platform
Solarcollab registers the project with the US Securities and Exchange Commission so that we can begin the crowdfunding campaign.
What makes a good Solar Farm site location?
Solarcollab’s Fast Track Landowner and Community Owned Solar Farm program in Galatia, Illinois leverages Fintech protocols on the blockchain that allows us to be able to develop these solar projects in a low cost model so that we can offer equity shares of the solar project to the landowner and local community. Profits that would normally go to a large corporation are now redirected back to the landowner and local community. Check to see if your land meets the following criteria:
- Land located inSaline County, Illinois
- You need at least 10+ acres of cleared unobstructed land.
- Land should be within two miles of a utility sub-station.
- Land should be flat with front road access.
- Land should have no environmental zoning restrictions.
We are Democratizing Solar Farm Ownership!
Solarcollab raises the funds for your community solar farm on our crowd investment platform. For as little as $1 a share members of the local community can now actually buy stock in their community solar farm. The profits that the solar farm earns will be sent to their digital wallet on a quarterly basis.
Host A Solar Farm Application Form
Complete every field in this form and we will start the process to see if we can bring a community owned solar farm to your local area. Every field in the form needs to be filled in for us to be able to begin our evaluation process to see if your land qualifies for our community solar development program.
Questions and Answers Zoom Group Call
Register for our next questions and answer zoom conference call. One of solar project managers will be available to answer any questions you might have about our Landowner and Community Owned Solar Farm Development Program for Galatia, Illinois.
Sign up now
Frequently Asked Questions
These are the most common questions we receive about our 2 - 5 MW Fast Track Landowner and Community owned solar farm impact investment program for Galatia, Illinois.
How does a landowner earn money by hosting a solar farm?
There are two ways a landowner can earn money.
The traditional way is to lease the land to a solar project developer. In the USA, on average, a landowner earns between $400 - $1200 per year per acre depending on supply and demand and the geographical location. The national average is about ~$800 per year per acre.
There is a second way that a landowner can earn money. This way is what we call democratizing solar power farm ownership. Solarcollab has designed a digital peer to peer investment platform enabled by blockchain architecture and emerging Fintech protocols to drive the costs down along targeted points of the solar project value chain. Our fintech protocols, along with registering our solar energy project portfolios with the US securities and exchange commission will allow us to sell shares of the community solar project to the general public.
What is a solar land lease and how long is the contract?
Large scale solar projects, such as community solar and investor-owned solar systems on rural land, have expanded rapidly throughout the U.S. A solar land leases provide guaranteed lease payments to the landowner for the duration of the solar farm life while the land continues to appreciate. This is an excellent way to generate additional income on a piece of land while keeping the property in the family for the next generation. Typical land leases terms range for 10 - 25 years.
How long does it take to build a solar farm on a landowner's property?
The actual construction of the solar farm doesn't take that long to complete. Especially with our fast track community solar farm model where we develop 2 MW solar farms in short amount of time. Apply for construction permits, and arranging for the local utility purchase contract of the solar electricity is what can add to the timeline of the solar farm development process. Typically we the entire solar farm development process can take as little as six months and as long as three years. On average our community solar farm development process will take approximately 12 - 18 months.
What is the best kind of land to host a solar farm?
The ideal land profile to host a sola farm should meet the following criteria:
- You need at least 10 - 14 acres of cleared unobstructed land.
- Your Land should be within two miles of a utility sub-station.
- Land should be flat with less than 5 degrees of slope.
- Your land should be clear of any ponds, streams or creeks
- Your land should have no environmental zoning restrictions.
I have land that meets the criteria to host a solar farm... how do I get started?
The entire process starts with filling out the "Host A Solar Farm Application Form" on this webpage. If you have any questions, register for our next Video Zoom Question and Answer session.
How does the community participate in owning parts of the solar farm?
Solarcollab has designed a digital peer to peer investment platform enabled by blockchain architecture and emerging Fintech protocols to drives our cost down along the entire solar energy development value chain. Each solar energy project that is presented on the Solarcollab Investment Platform will eventually be registered with the US Securities and Exchange commission.
What is CrowdFunding?
In general, the term crowdfunding refers to any online-based, collective investment by multiple people (i.e. the crowd) in one specific project. Such projects can pursue a wide variety of goals: from the production of a music album, to the establishment of a company, or even the modernisation of outdated, inefficient heating systems. Project owners present their projects on an online platform using detailed descriptions, images and videos in order to solicit financial support from the general public. Individuals may allocate money to any project they wish to finance. Thus, only those ideas that were convincing and inspiring will be realised. Investors need neither know one another nor possess large amounts of capital. What connects individuals is the shared desire to achieve a specific goal.
How does crowdfunding work?
Our crowdfunding campaigns always start with a solar energy project that needs to be funded. Naturally, developing and constructing a solar farm requires significant capital. Solar project developers are now able to use new financial technology protocols such as the Solarcollab crowdfunding platform to raise funds in an easy low cost way to fund their solar farm projects. Individuals financially support the presented projects by investing a sum of their choosing. Investments for as little as $500 are possible to be invested in each solar farm project.
Projects are only successful once a certain funding threshold is reached. If not, the invested money is returned to the investor. Using the platform is free of charge for the investors. Platforms usually charge a 5-12% of the funding sum as a fee, which is payable by the project owners.
What makes crowdfunding so attractive?
Crowdfunding combines financing with positive publicity. On the one hand, it is an alternative or additional method of financing (when combined with bank loans, business angels, government subsidies and so on). By facing fewer bureaucratic obstacles, the project funding and development phase is significantly decreased in length. On the other hand, the crowd is a great multiplying factor in terms of public communication. The advertised project gains quick, widespread and sometimes even viral awareness, especially through the use of social media. Moreover, the feedback provided by the crowd has a different quality to that of a bank, because each investor has a stake in the success of the project. Furthermore, through crowdfunding the project owner builds up a customer base or can engage existing customers.
What are the different types of crowdfunding?
Within the crowdfunding market there are several different types of crowdfunding. The models can be distinguished as follows:
Equity based crowdfunding: the investor acquires shares in the project and benefits from its future revenues. (This type is often referred to as a crowd-investing). The actual financial transaction occurs via participation right (equity) or a subordinated loan (debt capital), resulting in a contractual relationship between investor and project owner.
Lending-based crowdfunding: investors offer the project initiator a loan, either with or without interest. Depending on the loan, this type can overlap with equity based crowd funding.
Reward-based crowdfunding: investors are not reimbursed for their investment. The investor receives token of appreciation in the form of a certificate or detailed description of the project’s development. For film and music projects, possible rewards include a small role or even a private concert for investors.
Donation-based crowdfunding: investors make donations towards a specific project. As a counterpart to traditional charity organisations, this model bypasses high administration costs and represents are more transparent and direct channel through which to donate money.
Investors, donors and lenders should always be aware of the risks and disadvantages associated with crowdfunding. With regards to the first two models listed above, there is always a risk of a total loss of the investment. Especially with innovative ideas there exists a high risk of failure and not every project owner is a competent entrepreneur. The huge organisational effort accompanying a crowdfunding campaign should not be underestimated. There is no guarantee for success.
The Solarcollab crowdfunding platform is based on a combination of equity and lending-based crowdfunding. Unlike other platforms which focus solely on start-ups, investors on our platform finance solar projects independent of a company’s increasing revenue or profits.
Solar Farm Zoom Question and Answer Registration
Are community solar farms worth it? ›
Is Community Solar worth it? Yes. Community Solar almost always lowers the average cost of electricity for end users. Community Solar allows local communities and local businesses to benefit from clean energy without having to install panels or invest anything.Is there a downside to community solar? ›
Cons of Community Solar
After you install solar panels, the energy you harness from them is free. When you join a community solar farm, however, you'll have to pay monthly for your energy allowance. The tradeoff is that you won't have to purchase your own panels if you join under the subscription model.
It is a common misconception that ground mounted solar farms decrease nearby property values. Examining property value in states across the United States demonstrates that large-scale solar arrays often have no measurable impact on the value of adjacent properties, and in some cases may even have positive effects.How does community solar make money? ›
Solar providers are paid wholesale for their power by the electric utilities, who then charge retail to their subscribers, based on rates set by the Public Utilities Commission. In other words, the solar providers are sharing a portion of their profits with us, the ratepayers.Can you make money in community solar? ›
With Community Solar, you earn modest savings (typically around 10%) on your electric bill each month. While it might not seem like much, it really adds up!Does living next to a solar farm decrease property value? ›
4) Study: Solar farms reduce home values
“Many homeowners have been asserting that their property values would be negatively impacted by utility-scale solar, and this study confirms their concerns,” he said. “A utility-scale solar development is clearly not a compatible use within an established residential area.”
Solar isn't perfect – here are some disadvantages of solar energy to keep in mind when considering installing solar panels: Solar doesn't work for every roof type. Solar isn't ideal if you're about to move. Low electricity costs = low savings.What is the biggest downside to solar electricity? ›
- Cost. The initial cost of purchasing a solar system is fairly high. ...
- Weather-Dependent. Although solar energy can still be collected during cloudy and rainy days, the efficiency of the solar system drops. ...
- Solar Energy Storage Is Expensive. ...
- Uses a Lot of Space. ...
- Associated with Pollution.
The clearing and use of large areas of land for solar power facilities can adversely affect native vegetation and wildlife in many ways, including loss of habitat; interference with rainfall and drainage; or direct contact causing injury or death.What are the risks of solar farms? ›
Solar farms share similar environmental risks with roof-mounted solar panels, e.g., hail, freeze-thaw, and wind damage. However, they are exposed to additional losses such as frost heave, foundation failures, and significant movements due to variation in soil moisture or flooding.
How many acres is a good solar farm? ›
For a 1MW commercial solar installation, between 4 and 5 acres of land are typically required for the entire installation. A smaller installation designed to provide supplemental power to a farm may only need half that space. A larger utility-scale installation, on the other hand, may need up to 30 acres or more.How much profit from 1 acre solar farm? ›
Profit Margin of Solar Business In India:
45,000 to 60,000 may be created with 20k–20.5k units of power each day. As a result, after deducting minor O & M costs, a total of around Rs 1.75 crores may be made after a year.
Most solar farms can earn up to $40,000 for every MW (Megawatt) installed; therefore, the profit margin lies between 10%-20%.How does community solar farms work? ›
What is Community Solar? Community solar allows residents, small businesses, organizations, municipalities and others to receive credit on their electricity bills for the power produced from their portion of a solar array, offsetting their electricity costs.What is the return on investment for a solar farm? ›
On average, solar farm ROIs range between 10 and 20%. Your exact ROI will depend on your local weather, the initial installation costs, the size of your solar farm, the panel type, and many other factors.How much does it cost to set up a solar farm? ›
A 3MW peaking plant that uses between 10,800kWh and 14,960kWh a day would cost approximately R85 million, the company says. A more demanding facility that requires more battery storage, using between 12,600kWh and 16,320kWh, would be looking at around R115 million.What are the biggest community solar companies? ›
Some of the key community solar developers to know include BlueWave Solar, Nexamp, Clearway Energy Group, and Borrego. Visit the EnergySage Community Solar Marketplace to explore projects near you.What are the disadvantages of living near solar farms? ›
Living next to a solar farm may have some downsides, including local habitat disruption, reduced farmland resulting in poor views, and potential electromagnetic waves from solar batteries.How far away from solar farm is safe to live? ›
How far away from solar farm is safe to live? And that's something to keep in mind if you ever choose to sell your house in the future. Because of that, experts recommend living at least 2 kilometers (about 1.2 miles) away from a solar farm.Are solar farms noisy? ›
Solar panels are designed to be noise-free, especially at night. They're designed to be quiet. Even solar panels that are equipped with any moving parts are intended to be incredibly quiet when operating. So, in a nutshell, you shouldn't hear any noise coming from your solar panel's day or night.
What happens to solar power when batteries are full? ›
Should the battery bank become full, it will stop absorbing power from the solar system. The solar panels will continue to generate voltage, but that voltage will not be used or stored until there is available energy demand, or battery space.Are solar panels worth it for seniors? ›
Solar panels are definitely worth it for seniors. If you can purchase your system outright, you see the biggest savings overall. However, with a $0-down, low-interest solar loan, your monthly payments will typically be lower than your electricity bill, allowing you to see savings on day one.Do solar panels make your house hotter? ›
According to a study conducted by researchers at UC San Diego Jacobs School of Engineering, solar panels reduced the amount of heat reaching the roof by an incredible 38%, keeping a building's roof 5 degrees cooler than portions of a roof exposed to sunlight directly.Is solar worth it in Illinois? ›
Illinois residents pay around 13.04 cents per kilowatt-hour, which is just below the national average rate. Given the low price of solar equipment and the average energy rates, many homeowners in the area will find that solar is a worthwhile investment.Do solar panels affect home insurance? ›
You may not see an increase in your homeowners insurance premium after installing solar panels on your roof. However, you'll likely need to raise your coverage limits to account for the replacement cost of your solar panels, which will likely result in some increase to your premium.Do solar panels cause roof leaks? ›
In virtually all cases, the answer is no. Roof leaks after solar panels are extremely rare. When roof leaking after the solar panels are fitted does occur, however, it usually becomes evident very quickly after the installation process is finished.What are the dangers of solar panels on your roof? ›
Electricity from solar panels and transmission to the power grid emits extremely weak electromagnetic fields. Exposure to low-level electromagnetic fields has been studied extensively, and there is no evidence that it is harmful to human health, according to the World Health Organization (WHO).What is the lifespan of solar panels? ›
The Lifespan of Solar Panels
Solar panels, also known as photovoltaic or PV panels, are made to last more than 25 years. In fact, many solar panels installed as early as the 1980s are still working at expected capacity.
Essentially, the two biggest problems are cost and infrastructure. Fossil fuels are cheap, reliable, and familiar, because they've been around for longer. Switching to solar can intimidate people, because the upfront cost is often high, even though it's lower than it's ever been before.Why do people not like solar farms? ›
They cite reasons ranging from aesthetics that would harm property values to fears about health and safety, and loss of arable land, farm culture, or wildlife habitat.
Do solar farms damage the soil? ›
The time we live in is an agricultural age, and if you think solar farms would affect your soil, the answer is they won't, and you don't need to worry about that. Solar panels are mostly made of silicon, the most abundant earth element. It plays a crucial role in the growth of plants and vegetation.How hot do solar farms get? ›
More than 170,000 mirrors will gather tremendous amounts of sunlight and focus it on three towers filled with water, raising temperatures to more than 1,000 degrees Fahrenheit and producing steam that spins turbines that generate electricity.Can solar farms start fires? ›
Though solar farm fires are rare, they are not impossible. Any high-power electrical equipment, including a solar power plant, presents a risk for fire. The good news is that solar farm fire protection has quickly evolved along with the solar industry.Do solar farms produce toxic waste? ›
Solar panel waste can include heavy metals such as silver, lead, arsenic and cadmium that – at certain levels – may be classified as hazardous waste.Do solar farms harm animals? ›
There is no doubt that solar farms can be deadly to wildlife. It can especially be dangerous to birds. For example, around six thousand birds, including many from endangered species, died over the Ivanpah Solar Farm in 2016.What is the minimum size solar farm? ›
Generally speaking, solar developers will require a minimum of 10 acres of usable land—or 200 acres for a utility-scale project. A good rule of thumb is that 1 kilowatt (kW) of solar panels requires an area of 100 square feet.Is 5 acres enough for a solar farm? ›
Community Solar Farm Sizes
A general rule of thumb that can be used for farm size is that each DC megawatt requires approximately five acres of buildable land.
First, take a look at your land. If it's a flat, open space that's 20 to 25 acres, your land is a good candidate for an average-sized solar panel farm. You should also know that once a solar developer installs the solar panels, they'll have very little impact on the physical state of your land.What are the disadvantages of solar farms? ›
- High upfront cost. There is no denying that solar farms are expensive to set up. ...
- Environmental concerns. ...
- Dependant on the availability of sunlight. ...
- Requires large areas. ...
- Waste generated by decommissioned panels. ...
- Inability to control production. ...
- Low efficiency of solar technology. ...
- Lowers property values.
Investing in solar farms could be a smart way to diversify your portfolio. In ideal locations that get plenty of sunshine, farms can generate income 12 months per year. If you already own land, income could be higher than using it for crops or other purposes.
Are solar panels worth it in Rhode Island? ›
The average solar panel payback period in Rhode Island is around 8 years, which is well below the national average of 12 years. That means that solar is more valuable and a better investment in Rhode Island than in most other states.Are solar farms a good deal? ›
An average one-megawatt solar farm earns $43,500 per year. Leasing agreements with solar developers earn $250 to $3,000 ROI per acre yearly. Solar farms take five to 10 years to pay off on average. Solar farms are $1.70 to $2.20 per watt less expensive than residential solar energy systems.How long do solar farms last? ›
The estimated operational lifespan of a PV module is about 30-35 years, although some may produce power much longer. So, while there are not many systems entering the waste stream right now, more systems will come to the end of their useful life in the next few decades.How does a solar farm affect property value? ›
The study provides data which found no negative impact to residential home values near solar arrays in rural areas: “these results suggest that [the impacts on home sales in the Test Area] in rural areas is effectively zero (a statistically insignificant 0.1%), and that the negative externalities of solar arrays are ...How much money does a 1 acre solar farm make? ›
Is It Lucrative? There are several factors to consider when determining the profit margin of an acre of a solar plant, but generally speaking, you can earn anything between $21,250- $42,500 per acre each year. The rates can be lower or higher than this after factoring in some variables.What state has the best solar panels? ›
California tops the list when it comes to solar energy friendliness. With nearly 150 sunny days per year along with an already robust solar system, job market and investments into the solar space, California is an ideal state for installing solar panels.Does solar raise property value? ›
Yes, solar panels will raise your home's property value. Although the added value can vary by location, the National Renewable Energy Laboratory (NREL) found that home value increases by $20 for every $1 saved on your utility bills. This translates to a higher market value when selling your home.Do homes with solar panels sell faster? ›
According to the National Renewable Energy Laboratory, homes with solar panels sell 20% faster and for 17% more than those without.Do solar farms contaminate the soil? ›
The time we live in is an agricultural age, and if you think solar farms would affect your soil, the answer is they won't, and you don't need to worry about that. Solar panels are mostly made of silicon, the most abundant earth element. It plays a crucial role in the growth of plants and vegetation.Do solar farms contaminate the ground? ›
Only a minute amount of aluminum is released into the soil from a solar system, and it has not been shown to have any negative impacts on the earth. Though solar systems are safe to have around crops, they're also a great way to help prevent land degradation while still making good use of overworked fields.