Rural investment in installing solar power generation

How can farmers benefit from solar energy?

Farmers can benefit from solar energy in several ways—by leasing farmland for solar; installing a solar system on a house, barn, or other building; or through agrivoltaics. Agrivoltaics is defined as agriculture, such as crop production, livestock grazing, and pollinator habitat, located underneath solar panels and/or between rows of solar panels.

Should solar energy be located on farmland?

Locating solar energy on farmland could significantly increase the available land for solar development, while maintaining land in agricultural production and expanding economic opportunities for farmers, rural communities, and the solar industry.

Will agricultural land be used for solar energy?

Agricultural land in the U.S. has the technical potential to provide 27 terawatts of solar energy capacity. This is a quarter of the total U.S. solar energy capacity of 115 TW. Only 0.3% of farmland is expected to be used for solar energy by 2035. Will using land for solar panels drive up the price of food?

What are large-scale solar energy installations?

Large-scale solar energy installations are a relatively new form of development in many rural areas. Solar energy development can create clean energy, jobs, and other economic benefits in these communities.

What is the rural energy for America Program (REAP)?

With the passage of the Inflation Reduction Act, the Rural Energy for America Program (REAP) has been provided over $2 billion for renewable energy systems and energy efficiency improvement grants for agricultural producers and rural small business owners through 2031.

How much is the rural energy for America program worth?

The U.S. Rural Energy for America Program (REAP) has quadrupled to more than $2 billion as part of the Inflation Reduction Act.