Klement on Investing β’ 2 implied HN points β’ 10 Feb 25
- Solar farms in New York State have helped increase farmland prices by 18% from 2015 to 2021. This shows that renewable energy can positively affect local economies.
- Farmland close to electric substations saw the most price increases. Locations far from the grid didn't benefit as much, making it more challenging for solar developers.
- Higher local electricity prices led to even greater appreciation in land values. Proper planning for renewable energy can improve lives and reduce electricity costs.