Earn Hundreds of Thousands from your Real Estate in California
California property owners can earn hundreds of thousands of dollars by hosting an Impact Renewable Partners solar farm.
We Buy and Lease Land & Rooftops to Host Solar
Impact Renewable Partners works directly with real estate owners to purchase or lease land to host solar farms, including developable land parcels, commercial rooftops, and large parking lots. Property owners are paid to lease their property to Impact Renewables or sell for cash — often above market value. We are even able to work with difficult-to-develop lands such as Brownfields, Landfills, and land on or adjacent to a coal plant and mine closures.
Our Agreements
Lease Agreement
We enter Lease Agreements with landowners interested in long term income while retaining ownership of their land. Lease Agreements begin with an Option period. During the Option period, the landowner is paid a negotiated rent and may still use their land. Meanwhile, we conduct feasibility studies, obtain interconnection and power purchase agreements, and acquire local permits. Once we secure all necessary documentation for a solar farm, we transfer into the full terms of the lease.
Option to Purchase
We buy land from landowners with an Option to Purchase Agreement. This agreement begins with an Option period. During the Option period, the landowner is paid a negotiated option fee and may still use their land while we conduct feasibility studies, obtain interconnection and power purchase agreements, and acquire local permits. Once we secure all of our necessary documentation, we exercise our Purchase Option, close on the land and pay the landowner in full.
California Community Solar Program Update
While the California Community Solar program is still in its early stages, it’s positioned to be a major player in the state's clean energy future. In 2022, the California Public Utilities Commission (CPUC) approved a new community solar program that will allow customers to subscribe to solar projects even if they don't have solar panels on their own property. The program is expected to create up to 100,000 new jobs and generate 1,000 megawatts of clean energy.
The program has been met with enthusiasm by solar developers and environmental groups. However, some utility companies have expressed concerns about the cost of the program. The CPUC is currently working to address these concerns and finalize the details of the program.
If the program is successful, it could serve as a model for other states and help to accelerate the transition to a clean energy future.
Here are some additional details about the California community solar program:
The program is expected to begin enrolling customers in 2023.
The program is open to all customers, regardless of income.
Customers who subscribe to community solar projects receive credits on their utility bill for the electricity that their share of the project generates.
The credits are based on the amount of electricity that is generated by the project and the customer's share of the project.
If you are interested in learning more about community solar in California, you can visit the CPUC's website or contact your utility company.