How Much Money Can You Make With Hydroponics?
This is not an easy question to answer as all systems are different. They produce different plants at different speeds. They all have different running costs which all eats in to your profit margin. However i’ll try and put you in the picture.
Your biggest running cost is going to be your electricity. The majority of this will be from your grow lights. One 90 Watt LED grow light can grow 20 heads of hydroponic lettuce over a four week period. This costs 7 cents per day with the light running for 16 hours in any 24 day period. Over the course of a 4 week grow period for 20 heads of lettuce, this will cost you $2.10.
Of course you’ve got grow mediums, transportation and nutrients to add to this. The more you scale upwards however, the more these prices come down.
So with your 20 heads of lettuce, how much would you get in store? Going by $3.00 per organic lettuce would be $60 or a profit of say $55. Multiply this by 12 for an entire year and your profits are now $660.
Remember that this is all from just one grow bay using just the one grow light! One bay takes up very little space!
Think about something for a second. Basil takes up less space than does lettuce, takes less nutrients to grow than does the very thirsty lettuce and is more expensive to buy. It’s also in high demand all year round. Are you beginning to see the potential here? I know one guy who sells small bags of hydroponic basil to farmers markets for $1.50. The basil leaves just shoot up and are huge with hydroponics. He supplies the best basil for miles around. You could quite easily make upwards of $20,000 a year with only a few hours work every week.
Clearly you need a streamlined and efficient system as well as a demand in your area. But with all those ingredients, you could easily make a full time income doing something you love.
What Are The Best Plants To Grow?
The simple answer to this question is whatever is needed in your area! I will tell you from experience that high quality tomatoes will sell at high quality restaurants for high prices all year round. So tomatoes are clearly one of the best things to grow.
Basil is also becoming more and more expensive due to seasonal shortages. Hydroponic lettuce is constantly in high demand, especially since it doesn’t have that soil taste which you have to wash off. All restaurants need lettuce in large quantities!