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Solar leasing options
Posted on 12/3/24 at 5:27 pm
Posted on 12/3/24 at 5:27 pm
Recently went back to NELA to visit family over Thanksgiving. Shocked to see the number of solar farms popping up especially south of Monroe. I’m sure most is just to power the MT Ballers pool heaters. Our family does have some acreage in the area still. Anyone have any experience with solar leases? May be better ROI than what we are doing now. Are the solar guys looking to buy land and build or lease?
4
Posted on 12/3/24 at 6:33 pm to Uroblast
My family ranch was leased by a solar company. 520 acres but they only wanted 420 of the 520 acres. We ended up just keeping the other 20 acres so we will have 130 acres to move our camp house and shop into. The other 400 acres will pay $900 per acre per year with 3% annual increase for 30 years with an option to extend.
They started building the pad for something on the neighboring ranch so we think we have a couple years left before they start on ours. Then we will relocate to the 130 acres.
Going to be a sad day when we have to move off but we were going to be boxed in on the front, back and one side with solar farms so we jumped in.
They started building the pad for something on the neighboring ranch so we think we have a couple years left before they start on ours. Then we will relocate to the 130 acres.
Going to be a sad day when we have to move off but we were going to be boxed in on the front, back and one side with solar farms so we jumped in.
Posted on 12/3/24 at 9:21 pm to Uroblast
Could you or a family member stop by one of the solar farms being built? They could probably tell you who to contact if you have land you’d like to lease.
Don’t know if you or your relatives have heard but Entergy is proposing building a 1500 MW plant just east of Monroe in Holly Ridge to supply power for a 5 billion dollar data center that Meta plans to build there, some of the solar farms might be building in anticipation of that major project to supply what they call green power. If it all happens, that area that has been needing jobs may be a hopping place.
But previous postings I’ve seen on this board from South La and Texas indicate that you should definitely get an attorney that has dealt with solar leases before you commit to anything.
Don’t know if you or your relatives have heard but Entergy is proposing building a 1500 MW plant just east of Monroe in Holly Ridge to supply power for a 5 billion dollar data center that Meta plans to build there, some of the solar farms might be building in anticipation of that major project to supply what they call green power. If it all happens, that area that has been needing jobs may be a hopping place.
But previous postings I’ve seen on this board from South La and Texas indicate that you should definitely get an attorney that has dealt with solar leases before you commit to anything.
Posted on 12/4/24 at 6:01 am to Rize
I'm curious about the obligations in the leases or state/local laws about removing the equipment and restoring the land at the end of the lease or if operations cease.
Of course, the company could go bankrupt and leave the landowner in the lurch. Do any of the leases or local laws require escrowed funds or a bond for cleanup/restoration?
There is a long history of oil and gas lessors polluting property and not restoring it, which has led to decades of lawsuits. Solar leases could be the next generation.
Edit: Found an article about various approaches across the country. Solar farms are built to last 30 years. Who pays to clean them up after that?
Of course, the company could go bankrupt and leave the landowner in the lurch. Do any of the leases or local laws require escrowed funds or a bond for cleanup/restoration?
There is a long history of oil and gas lessors polluting property and not restoring it, which has led to decades of lawsuits. Solar leases could be the next generation.
Edit: Found an article about various approaches across the country. Solar farms are built to last 30 years. Who pays to clean them up after that?
This post was edited on 12/4/24 at 6:18 am
Posted on 12/4/24 at 8:08 am to Twenty 49
I feel like solar is fake and they’ll pay for like one year and then destroy your land forever and then bill gates will come buy it up cheap but it sounds like pretty good money so any solar guys hit me up
Posted on 12/4/24 at 8:16 am to Twenty 49
Seems like I've seen this topic here or on the Outdoor Board previously and the biggest problem I've seen mentioned is restoration and cleanup at the end of the lease term. Generally escrowed requirements kills the deal from the lessor end which means you better be prepared to clean it up yourself.
This is all simply a regurgitation of what I've read here before and I have no experience with leasing land.
This is all simply a regurgitation of what I've read here before and I have no experience with leasing land.
Posted on 12/4/24 at 8:28 am to WhiskeyThrottle
I could see the outdoor board hating solar because it means they can’t hunt on a piece of land anymore. For every poster posting about their hunt on a weekday there’s a landowner going to work to pay the insurance and property tax
Posted on 12/4/24 at 9:56 am to Uroblast
Posted on 12/4/24 at 9:57 am to Uroblast
They lease the land for 20-40 years I believe
Posted on 12/4/24 at 6:17 pm to Twenty 49
quote:
I'm curious about the obligations in the leases or state/local laws about removing the equipment and restoring the land at the end of the lease or if operations cease. Of course, the company could go bankrupt and leave the landowner in the lurch. Do any of the leases or local laws require escrowed funds or a bond for cleanup/restoration? There is a long history of oil and gas lessors polluting property and not restoring it, which has led to decades of lawsuits. Solar leases could be the next generation. Edit: Found an article about various approaches across the country. Solar farms are built to last 30 years. Who pays to clean them up after that?
There were two different companies one had a higher rate around $1100 but the cleanup clause wasn’t near as good as the $900 per acre company.
Posted on 12/4/24 at 9:40 pm to Twenty 49
Very interesting article. Thanks for everyone's input. I've never really had to deal with the ins/outs of land management. Have sold some timber off small property when that was still profitable. Never really considered the costs and responsibility of clean up for a solar project. In that way it is similar to oil/gas lease. Will have to think about that. Why don't we just use worthless public land like power line ROW or interstate medians to put solar panels on? Maybe the contrarian play is to wait until we have no food producing land because it is all covered with panels and then grow sweet potatoes. Profit.
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