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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

  • $25-27,000 per acre annual yield
  • Monthly checks from Cherryland
  • 6-7 year capital recovery
  • 13-17% Return On Investment over 15 Years
  • 25 year system lifetime
  • Virtually no maintenance
  • 60% of system costs covered by tax credit, grant, rebate, and depreciation

Sample 36 kW Solar Installation

Requires 1/5 acre of land

$80,000 installed cost. $2.22 per watt.

Incentives

  • 25% USDA REAP Grant ($20,000)
  • 30% Federal Investment Tax Credit ($17,000)
  • $3,000 Cherryland rebate
  • $12,000 Accelerated depreciation (MACRS w/ 25% marginal tax rate)

Net installed cost = $28,000

Income Stream

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

Site Requirements

  • Must be a Cherryland customer
  • Reasonably level land with no tall trees 500 ft to east, south and west
  • 480V 3-phase service within 1000 ft of site or . . . 240V single phase within 400 ft.
  • Site footprint: 30 x 300, 50 x 200 or 100 x 100 ft

Sample 106 kW Solar Installation

Requires 1/2 acre of land

$200,000 installed cost. $1.88 per watt.

Incentives

  • 25% USDA REAP Grant ($50,000)
  • 30% Federal Investment Tax Credit ($42,300)
  • $9,000 Cherryland rebate
  • $30,000 Accelerated Depreciation (MACRS w/ 25% marginal tax rate)
Net installed cost = $66,700

Income Stream

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

Site Requirements

  • Must be a Cherryland customer
  • Reasonably level land with no tall trees 500 ft to east, south and west
  • 480V 3-phase service within 600 ft of site or . . . 240V single phase within 300 ft.
  • Site footprint: 35 x 600, 70 x 300, 100 x 200 or 150 x 150 ft

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.

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