Earn Hundreds of Thousands from your Real Estate in Maryland
Maryland 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.
Maryland Community Solar Program Update
Maryland's community solar program is off to a strong start, with over 100 megawatts of capacity already subscribed. The program, which was launched in 2017, allows customers to subscribe to solar projects even if they don't have solar panels on their own property. This has made community solar a popular option for renters, homeowners who can't install solar panels, and businesses.
The program has been a boon for the solar industry, creating jobs and stimulating investment in clean energy. It has also helped Maryland meet its renewable energy goals. In 2022, Maryland generated 17% of its electricity from renewable sources, including solar.
The community solar program is expected to continue to grow in the coming years. As more people learn about the benefits of community solar, it is likely to become a more popular option for those looking to reduce their carbon footprint and save money on their energy bills.
Here are some additional details about Maryland's community solar program:
The program is administered by the Maryland Public Service Commission (PSC).
Customers can subscribe to community solar projects through their utility company.
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.
Customers can subscribe to community solar projects regardless of whether they have solar panels on their own property.
The program is open to all customers, regardless of income.
If you are interested in learning more about community solar in Maryland, you can visit the PSC's website or contact your utility company.