On August 22, 2014, Innovative Solar Systems (ISS), a company that has developed large solar farms in the United States, proudly announced that it has received the green light to proceed with the construction of a 40MW solar farm in North Carolina. This project, along with several others, serves to support the tremendous boom the solar industry is presently experiencing here and abroad. Aside from its environmental benefits, the solar farm, scheduled to be constructed on a several-hundred acre unspoiled tract of land in Ivanhoe, will create numerous jobs and substantial revenue for the community. The location of the installation provides the ideal due south operation of the power plant. A utility sized solar farm, such as this one will have the capacity to provide power to over 12,000 homes through the installation of approximately 135,000 panels.
ISS estimates the 40MW solar farm installation will cost approximately $100,000,000. To more rapidly facilitate the successful completion of the project, ISS plans to partner with private investors, equity funds and solar manufacturing companies. Solar farms are considered a solid, low risk investment because of their positive rate of return. Reputable solar farm developers continue to seek projects such as these because investors are eager to support ventures with proven long-term returns.
As more developers and individuals become increasingly knowledgeable about the environmental and economic benefits of solar energy alternatives, the nation should continue its progress in seeking and engaging in the clean, green, free power of the sun.
