re: Hail storm in Damon, Texas destroys thousands of acres of Solar Farms

quote:

---

This sounds like you know land agent shite

---

I mean I sold 128 tract here near me to Pulte Land Mgt thinking they were going to develope it for residential use .... it's now 100 acre solar farm.

I made a killing but it's still, retrospectively speaking, the worst land deal I ever made.

In the meantime a close farmer friend/neighbor of mine just signed a lease on 500 acres of former farmland .... generational wealth, payments for 40 years.

Another, my best friend up in the midwest is a partner with a major, the biggest, solar farm developers in the world. I'm Godfather to his daughter. So I know the ins and outs of how it works.

We have a 1500 acre ranch in our family trust in West Texas, considered a micro ranch out there, what's left of 20,000 acres that had been in my family since the late 1920s that we've kept for hunting .... and we can't get the fricking Texas Land Conservatories and the solar farm developers to leave us alone .... we have, as most do, a nice airstrip that we lease to the surveyors and asshats working the area but we also have natural water, houses/cabins, an oasis if you will. Our ranch is appropriately name after our family and the fact that it was an oasis stop across the desert by native Americans .... and the water means a lot of game.

All the mesas overlooking our ranch are lined with wind turbines, some of them ours

So I've been dealing with these brokerage people for over a decade now and I know, for the most part, how the sauce is made.

quote:

---

Won’t happen. All of these have plenty of insurance. They’ll replace them and keep on rocking.

---

Insurance will file force majeure to halt payments and stall rebuild/repair.

In all likelihood it will mean complete replacement of all the panels ... which they will upgrade in the process. But force majeure will allow for a pause, a stall, in payments to the landowners.

Removing and replacing those panels is way more expensive than installing new ones on clean racks.

Holy shite look at all that prime ag land.

A envirofreak democrat is the stupidest son of a bitch to ever walk this planet.

Maybe one of those wackos will design a roof to put over the panels to protect them from the hail?

quote:

---

And the insurance company will then recover their expenses by raising rates?

---

Depending on their exposure. But at least this is private insurance and not subsidized like others.

It isn't like Texas has large hail often. Most people in North and West Texas are likely to never pay for a roof without insurance $. Sherman Tx had a hailstorm in 1996 and in 2003 that bought me a new roof.

Who thought glass panels wouldn't get hail damaged at some point?

quote:

---

Hail plays hell on solar panels. Almost as bad as the damage it causes to pipelines.

---

Maybe they can cover the solar panels with shelters so they don’t get damaged? Lol

quote:

---

Your tax $ will be used to replace them. As it was used to lease/buy the land and install it.

---

You mean as it was to bail out natural gas utilities after the big freeze in Texas 2 years ago to the tune of $3.5 billion?

But solar panels are insured by private companies.

This is why they are bringing 20' SOC batteries to supposedly store the power.

I'm not sure how well it is going to work. But my Logistics company is making a killing bringing these in. And they are going all over Texas.