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New report outlines economic benefits of agrivoltaics for farmers, developers and communities

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Photograph: DOE

Throughout the US, vitality demand is surging after a long time of stagnant development, because of electrification efforts, knowledge facilities and synthetic intelligence. As demand will increase, the economics proceed to favor wind and photo voltaic, which persistently outcompete fuel and coal in affordability. As rural communities look to extend renewable vitality, a novel alternative presents itself.

Flat, sunny, simply accessible land that’s splendid for photo voltaic farms is commonly already in use for agriculture. A brand new report from the Institute for Vitality Economics and Monetary Evaluation (IEEFA) highlights the chance to broaden using agrivoltaics to spice up era from renewable vitality, lower water use and enhance yields — offering a win for renewable vitality and agricultural communities.

Agrivoltaics — the dual-use integration of photo voltaic panels and energetic farming on the identical land — presents an answer that advantages all three core stakeholders. Landowners acquire a brand new, regular income stream in a unstable trade whereas sustaining their land’s agricultural productiveness; photo voltaic undertaking builders get entry to viable websites with fewer allowing battles; and communities retain agricultural land in manufacturing whereas having fun with native funding and tax income.

A current quick movie, “Save the farm, save the future,” additionally highlights the advantages of agrivoltaics. 

“Agrivoltaics demonstrates that agricultural manufacturing and photo voltaic improvement could be complementary slightly than competing choices for land use,” stated Asher Salkin, former analysis intern at IEEFA and writer of the report. “Our analysis reveals that utilizing agrivoltaics in agricultural settings will increase crop yields in water-stressed areas, which not solely lowers working prices but in addition improves soil and ecosystem well being.”

Whereas nonetheless not widespread, agrivoltaics installations are increasing, rising from 27,000 acres with 4.5 GW of capability in 2020 to greater than 62,000 acres and 10 GW in 2024 — sufficient to energy 1.5 million houses. With supportive insurance policies, agrivoltaics might assist small farmers, meet rising electrical energy wants and embrace extra rural communities within the vitality transition.

Learn the total report here.

Information merchandise from the Institute for Vitality Economics and Monetary Evaluation

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