Several experienced land appraisers have studied the impact of solar farms using a method called matched pair analysis. This is a textbook method used by appraisers for measuring the effects of proposed developments. Their conclusion is that solar farms do not negatively affect property values. We invite a certified property appraiser to most of our public hearings to help further explain his research and analysis and answer any related questions.
It is also important to note that the property taxes paid by solar farms generate significant revenue for the counties and communities they are built in, helping fund schools, services and other public works.
Investment in solar projects is a stimulator for the whole economy. In North Carolina alone, there is a total of $6.7 billion in investments. In the United States, $43 billion has been invested.
Banks and even retirement funds are investing in solar. The technology is proven and secure so it involves less risk than many other traditional property income investments.
Solar is a proven technology that is secure and simple. Energy can now be produced close to where it is consumed.
The U.S. solar industry is expected to install 13.9 GW of capacity by the end of 2016, which is nearly double the 7.3 GW installed in a record-breaking 2015. These numbers have the U.S. on track to be the world’s second largest market for solar photovoltaic (PV) installations in 2016, only behind China and overtaking current number two, Japan.
The U.S. solar industry currently employs nearly 209,000 solar workers and is creating jobs at a rate 12 times higher than employment growth in the overall economy. For the third straight year, the solar workforce grew 20 percent in the U.S. and is projected to continue that trend with the addition of another 30,000 workers within the next 12 months.
The cost of solar has come down over the last 5 years by more than 70% and is projected to continue to fall by 10% each year. As oil, gas and coal prices are often volatile, solar energy is stable and continues to decrease.
Solar technologies offer a number of environmental benefits such as the reduction of greenhouse gas emissions and less waste over fuel-based energy sources. The reliance on solar energy will also help alleviate the future health and environmental concerns that can be experienced with other energy resources.
Solar farms generate clean, renew-able energy that has a number of positive impacts on our environment. Solar facilities do not generate greenhouse gases and actually reduce air pollution by offsetting carbon emissions.
The use of solar power allows com-munities to produce energy locally and decreases our entire country’s dependence on foreign energy resources. The more solar farms we put into service, the less reliant our communities will become on oil, coal, natural gas, and nuclear power.