Harvest the Sun
Plant Solar PV in 2017
Cherryland's new Sell-All program is an excellent opportunity for Ag producers to receive long-term, steady, high income per acre from Solar PV
Sample 36 kW Solar Installation
Requires 1/5 acre of land
$80,000 installed cost. $2.22 per watt.
Net installed cost = $28,000
Cherryland will pay 10c/kWh for 20 years. A 36 kW system will produce 47,000 kW-hours per year, $4,700 per year. Simple payback = 6.7 years. 13% IIR @ 15 years
Sample 106 kW Solar Installation
Requires 1/2 acre of land
$200,000 installed cost. $1.88 per watt.
Cherryland will pay 10c/kWh for 20 years. A 106 kW system will produce 138,000 kW-hours per year, $13,800 per year. Simple payback = 5.7 years. 16.4% IIR @ 15 years
Payback and net cost depends on your marginal tax rate. This is driven by the 5 year MACRS depreciation schedule. REAP grant, CEC rebate and ITC tax credit are fixed.