Comment on [deleted]

partial_accumen@lemmy.world ⁨1⁩ ⁨week⁩ ago

• amksenin@lemmy.world ⁨1⁩ ⁨week⁩ 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 ⁨week⁩ 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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  • CoffeeJunkie@lemmy.cafe ⁨1⁩ ⁨week⁩ ago

    YMMV. We’ve got a local solar farm & the operation has gone belly-up, changed hands twice. It’s got to be on its third investor/owner. Also depends on the quality of your build & your local weather; that solar field isn’t even fully operational yet. Got hit by a massive hail storm maybe almost 2 years ago, it had to have smashed a couple hundred solar panels.

    If you’re interested in it, I’d be very careful. Insure everything. Ask everybody, people in the industry if possible.

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    • amksenin@lemmy.world ⁨1⁩ ⁨week⁩ ago

      There’s no natural disasters here but I’d have to have political connections and be rich if I wanted to do something like this without getting hurt in this country. I rather have less to lose and do something more modest

      But out of curiosity, how would the investment numbers look like? They invest 1m on land and get 60% of the returns and I get 40% for the next 20 yeas for example?

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      • CoffeeJunkie@lemmy.cafe ⁨1⁩ ⁨week⁩ ago

        I have no idea personally, I’m just telling you what I observe. And from what I’ve observed, it’s not this stupidly simple operation that anyone can do & it’s “basically a money printing machine”, as others on here are telling you.

        If it doesn’t make dollars, it doesn’t make sense. As a general rule. That solar farm has gone under & sold ownership twice in idk 7-8 years.

        I am pro-solar panel, and I was anti-wind turbine because the old fiberglass blade turbines filled with oil were dumb. But as I understand that technology, too, is improving & idk we’ll have to see how the new ones perform. Seems to me doing these things on a more commercial scale where you’re selling it to the grid can get a little fucky. There are reasons why it’s slowly taking off. There are reasons why people build, then sell, then the buyers sell. It’s probably a tricky endeavor with its own challenges.

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  • Andromxda@lemmy.dbzer0.com ⁨1⁩ ⁨week⁩ 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 ⁨week⁩ 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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