What are initial costs for setting up agrivoltaics?

Initial Investment Breakdown

The initial costs for agrivoltaics typically include the solar panel array, mounting system, inverters, electrical infrastructure, and fencing. The cost of the solar panel array can vary depending on the technology and efficiency, but a typical cost range is $20 to $50 per watt. For example, a 1-megawatt system would require 5,000 to 10,000 panels, costing between $100,000 to $500,000.

Land Preparation and Infrastructure

Before installing the solar panels, the land needs to be prepared, which includes clearing vegetation, removing rocks, and grading the terrain. The cost of land preparation can range from $10,000 to $50,000 per acre, depending on the complexity of the job. Additionally, the electrical infrastructure, including the substation, transformers, and transmission lines, can cost between $50,000 to $200,000 per mile.

Ongoing Maintenance and Upgrades

While the initial costs are significant, ongoing maintenance and upgrades can be relatively low. Regular cleaning of the solar panels can increase energy production by up to 25%, and inverter replacements can be done every 10 to 15 years. Upgrades to the solar panel technology can be done every 20 to 25 years, which can increase energy production by up to 50%.