Well, it's more efficient (I forget by which factor). So, if the factor were 2, you would need 1 acre of solar panel for every 2 acre-equivalents of planting space. Since you're okay with going vertical, the acre-equivalent could be much less than an acre. So yeah... electricity being much easier to transport than produce, it would actually make more sense to cover a large part of unpopulated area with solar panels, and then farm in very very small portions of the earth.

From an environmental perspective, this is certainly a 'win'. Reducing the amount of land needed for agriculture is a win to both consumers and the environmentalists and the farmers.