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Message
I have someone trying to pitch me on Solar Farms...
Posted on 9/14/22 at 9:45 am
Posted on 9/14/22 at 9:45 am
My sister and I inherited a chunk of land in North Louisiana, mostly pasture.
I've got some "dude" from Shreveport wanting to pitch me on solar farms, says it's more lucrative than timber or what ever else we could do with the land.
Anyone ever heard of this in that area ?
Like This: [/img]
I've got some "dude" from Shreveport wanting to pitch me on solar farms, says it's more lucrative than timber or what ever else we could do with the land.
Anyone ever heard of this in that area ?
Like This: [/img]
This post was edited on 11/8/23 at 8:32 pm
Posted on 9/14/22 at 9:49 am to The Torch
All I have heard is get a solid contract.
One that pays you no matter what the market does.
From experience. Have them spell out as much equipment as possible so any changes to the original setup results in the ability for you to renegotiate the contract or ask for bonus payments.
One that pays you no matter what the market does.
From experience. Have them spell out as much equipment as possible so any changes to the original setup results in the ability for you to renegotiate the contract or ask for bonus payments.
This post was edited on 9/14/22 at 9:51 am
Posted on 9/14/22 at 9:52 am to The Torch
quote:
I've got some "dude" from Shreveport wanting to pitch me on solar farms, says it's more lucrative than timber or what ever else we could do with the land.
It's a growing trend for vacant/fallow land. West Baton Rouge is starting to receive complaints from locals regarding the unsightly appearance but it seems like a good business venture for dormant land
Shop around. Form an LLC that will lease the land WITHOUT liability to the solar contractor
Passive income is the way to go for inherited land IMO
This post was edited on 9/14/22 at 9:54 am
Posted on 9/14/22 at 9:53 am to The Torch
quote:
I've got some "dude" from Shreveport wanting to pitch me on solar farms
Bill Gates NWO employee
Posted on 9/14/22 at 9:55 am to The Torch
I see them popping up all over my area. They cannot make as much energy as they cost, but the government subsidizes so it may be lucrative for you.
You need to watch what your pitchboy has to gain from it.
You need to watch what your pitchboy has to gain from it.
Posted on 9/14/22 at 10:01 am to The Torch
Make sure the electricity is metered when it leaves your land and not further downstream. You do not want to pay for downstream transmission losses. Seems obvious but it is an important point.
Posted on 9/14/22 at 10:10 am to The Torch
Total destruction of wildlife habitat in the name of saving the planet.
Posted on 9/14/22 at 10:12 am to The Torch
I would be a little skeptical of these solar companies. What happens when the government subsidies run out and they go bankrupt. They walk away and you’re left with all this junk on your land and no money coming in. Besides these panels can’t be just thrown away, they have to go to a hazardous site for disposal. Also wait til the meth heads discover all that wire running everywhere!
Posted on 9/14/22 at 10:12 am to The Torch
You will probably get more $ but the land will be ruined forever. Make sure your contract has them bond the cleanup and remediation cost. That will probably kill the deal though because of the heavy metal leaching. Also put in additional cost for PM these activities as the company will probably be gone by the times this has to be done.
frick all Solar panel scammers.
frick all Solar panel scammers.
Posted on 9/14/22 at 10:40 am to The Torch
quote:
My sister and I inherited a chunk of land in North Louisiana, mostly pasture.
I've got some "dude" from Shreveport wanting to pitch me on solar farms, says it's more lucrative than timber or what ever else we could do with the land.
Anyone ever heard of this in that area ?
Funny that you mention this. We have tree farm in NWLA with a few natural gas wells. Its a tree farm. Around 300 acres. I brought up the idea of adding a solar farm to the property, but my father was not hearing it. Says it would take away from the natural beauty of the place. Instead he wants to start growing bamboo. I was thinking the Passive Income route but until he passes, its his decision.
Posted on 9/14/22 at 10:45 am to The Torch
I've been looking into this as well, but cannot figure out anywhere online what the going price per KWH is that Entergy or any of the other utility companies would be willing to pay.
Posted on 9/14/22 at 10:55 am to The Torch
quote:
I've got some "dude" from Shreveport wanting to pitch me on solar farms
A lot of these "dudes" aren't trying to build solar farms right away, but instead are trying to get an option to put a solar farm on your land sometime between now and forever. For a very small initial option fee paid to the landowner, the landowner's land is tied up forever. The "dude" then tries to sell a bundle of these farms that he has options on to a bigger investor down the road who may be the one who ultimately puts in a solar farm. The landowner doesn't get real money until a solar farm is built.
Is the land anywhere near a high transmission electric line? If not, there is no way that they won't build a solar farm there for a long time because they have no way to transmit the electricity generated without building high transmission lines (and the associated costs of building and getting right-of-ways).
Posted on 9/14/22 at 11:01 am to The Torch
Make sure they are responsible for up keep of property.
Would/can they be responsible for property taxes?
Also if the venture ever goes under, who is responsible for removing the equipment?
Would/can they be responsible for property taxes?
Also if the venture ever goes under, who is responsible for removing the equipment?
Posted on 9/14/22 at 11:06 am to The Torch
Hey Bro... I've been digging into the industry for the past 3 months from a "salesman/installer" point of view... Do your research, and A LOT of it before you sign anything.. at this point in my research, I'd tell the dude to frick off.
Look into Louisiana Net Metering. It varies by state. I didn't read all the replies, so if needed, I'll come back and edit to add, etc.
Edit 1: I will add this... for residential.. salesmen get up to $20k commission on a closed moderate sized deal. They will lie their asses off to get you to sign, and I'd venture to guess his commission on a farm would be well over 100k. Keep that in mind. The industry is unregulated & full of lying scumbags.
Look into Louisiana Net Metering. It varies by state. I didn't read all the replies, so if needed, I'll come back and edit to add, etc.
Edit 1: I will add this... for residential.. salesmen get up to $20k commission on a closed moderate sized deal. They will lie their asses off to get you to sign, and I'd venture to guess his commission on a farm would be well over 100k. Keep that in mind. The industry is unregulated & full of lying scumbags.
This post was edited on 9/14/22 at 11:10 am
Posted on 9/14/22 at 11:50 am to The Torch
I am just shooting in the dark due to my ignorance, but you need to verify what the current property taxes are on the “chunk of land”.
What are the taxes with the use such as farmland? What will it cost if taxed as a solar farm?
Will the property change in value due to the change in use? If you are responsible for the property taxes, then it might cost you more than current.
Be sure to keep your mineral rights on the property too.
What are the taxes with the use such as farmland? What will it cost if taxed as a solar farm?
Will the property change in value due to the change in use? If you are responsible for the property taxes, then it might cost you more than current.
Be sure to keep your mineral rights on the property too.
Posted on 9/14/22 at 11:51 am to The Torch
I manage land in TX and LA with a few thousand acres that we leased for solar development. I engage counsel with significant solar leasing experience to review and revise the agreements prior to entering an easement and lease agreement. $ has been very beneficial to my clients and future removal and remediation language is a must in these agreements. I’m not a fan or solar/wind but depending on location and use this is a much better return for my clients. I hate that this is all subsidized by taxpayers. Let it stand on its own and see if it fails (it would fail).
This post was edited on 9/14/22 at 11:52 am
Posted on 9/14/22 at 12:29 pm to The Torch
My family got an offer, and it was very tempting. But after some debate turned them down, we're sticking to the farming business for now.
Posted on 9/14/22 at 12:39 pm to The Torch
Don’t know if true but I’ve heard chemicals leech out Into the ground below and damage the soil, and they can be harmful to birds. I would explore other options like leasing for grazing/hay. They are everywhere here, I think they’re hideous.
Posted on 9/14/22 at 3:05 pm to The Torch
Can someone explain how clear cutting a forest to install a solar farm is ‘better for the environment’? Because that is happening.
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