The Impact of Solar Energy on Real Estate Values
4 January 2008
The only thing a grid-connected solar farm needs besides the solar panels, wires, machinery etc. to build the farm and connect it is land. Not all land is equal of course; the sunnier (defined by photons/second to strike the land) the land is and the closer to consumers of its electricity, the better. Thus, land that perviously had been more or less useless like deserts, mountain tops, the tops of plateaus, the ocean near the equator suddenly have great value. If I had any money, I´d be buying up huge tracts of wasteland near the equator but also near centers of electrical consumption because I have to imagine that their property value would go up if solar panels ever become a primary source of power for the world.
