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Started By
Message
re: I have someone trying to pitch me on Solar Farms...
Posted on 11/9/23 at 9:39 am to stewie
Posted on 11/9/23 at 9:39 am to stewie
quote:
This is 100% inaccurate. Feds and the state of Louisiana do not currently have bonding, insurance, or credit requirements.
Louisiana Legislature passed Act No. 301 (formerly Senate Bill 185)
0
Posted on 11/9/23 at 9:59 am to The Torch
They are a horrible eyesore and terrible for the land. They built a 3000 acre solar farm 12 miles from our land and we can see it clear as day from the top of our hill/house site. These solar farms completely destroy the beauty of the land and make it impossible for any bird, deer, raccoon, or anything else to live on that property, possibly forever. Just like with windmills, many of these companies go out of business and leave you with the old, rusted equipment forever - the cost to remove being so high it’s impossible. Don’t do it unless you’re okay with permanently ruining the property beyond repair
Posted on 11/9/23 at 10:14 am to MC5601
quote:
They are a horrible eyesore and terrible for the land. They built a 3000 acre solar farm 12 miles from our land and we can see it clear as day from the top of our hill/house site.
I love the destroys my view argument. Pay the property tax bills, then your opinion matters.
quote:You just made this up.
Just like with windmills, many of these companies go out of business and leave you with the old, rusted equipment forever
Posted on 11/9/23 at 10:39 am to The Torch
Declare you're a Native American and open a casino
Posted on 11/9/23 at 11:14 am to Lithium
"cash rules everything around me, get the money $ $ bills" wu-tang
Lot's of been mentioned in this thread. At the end of the day it's always about $.
Reason we hearing more about it in our area as the transmission company on East coast paused applications to new solar farms while back. That created rush to the next which is MISO (Midcontinent Independent System Operator) which all of Louisiana is supplied by. Interestingly MISO pushed their last application date back and word is it won't be til next September.
These companies have a long + pricey application process that is why they offer 5 year option periods so the they can get all approvals, agreements, financing etc. in place.
Fed gov is helping out. The "Inflation Reduction Act" has all kinds of tax breaks + subsidies for these things. Got the play the cards you are dealt.
Hire a lawyer, do due diligence on the company and make your decision as the landowner. The numbers & $ I've seen far surpass any amount of timber we could grow on the land in 100 lifetimes. My 2 cents...
Lot's of been mentioned in this thread. At the end of the day it's always about $.
Reason we hearing more about it in our area as the transmission company on East coast paused applications to new solar farms while back. That created rush to the next which is MISO (Midcontinent Independent System Operator) which all of Louisiana is supplied by. Interestingly MISO pushed their last application date back and word is it won't be til next September.
These companies have a long + pricey application process that is why they offer 5 year option periods so the they can get all approvals, agreements, financing etc. in place.
Fed gov is helping out. The "Inflation Reduction Act" has all kinds of tax breaks + subsidies for these things. Got the play the cards you are dealt.
Hire a lawyer, do due diligence on the company and make your decision as the landowner. The numbers & $ I've seen far surpass any amount of timber we could grow on the land in 100 lifetimes. My 2 cents...
Posted on 11/9/23 at 11:17 am to The Torch
frick that, do timber. You can’t hunt on a solar farm.
Posted on 11/9/23 at 11:24 am to The Torch
We had one in Arky offer $1,000 acre annually for 40 years. Only paid $800/ac for the farm 25 years ago. I thought it was a no brainer, but the ol' man was against it. I think he just didn't want to be one of the 1st to do it.
Posted on 11/9/23 at 11:36 am to billjamin
quote:
Just like with windmills, many of these companies go out of business and leave you with the old, rusted equipment forever
You just made this up.
Are you serious? Go look at how many windmills in central and west Texas are out of operation but still standing due to the company going out of business and nobody to pursue for recourse
Posted on 11/9/23 at 11:39 am to MC5601
quote:
Are you serious? Go look at how many windmills in central and west Texas are out of operation but still standing due to the company going out of business and nobody to pursue for recourse
Got an example? I know most of the renewable asset managers in Texas and don't know what you're talking about. Or do you assume when you don't see them turning that they're out of service?
Posted on 11/9/23 at 11:40 am to billjamin
quote:
They are a horrible eyesore and terrible for the land. They built a 3000 acre solar farm 12 miles from our land and we can see it clear as day from the top of our hill/house site.
I love the destroys my view argument. Pay the property tax bills, then your opinion matters.
We spent millions on land and pay plenty of property taxes ourselves. Having solar or windmills around devalues every property around the area and this has been proven time and time again by farm and ranch real estate prices. It’s a terrible deal for neighbors, the land, and property value. In our case, the county voted down the solar farm 3 times but the local school district was bribed with a 2.5 million dollar cash payment upon completion of the project
Posted on 11/9/23 at 11:44 am to billjamin
quote:
Got an example? I know most of the renewable asset managers in Texas and don't know what you're talking about. Or do you assume when you don't see them turning that they're out of service?
Most companies today are being asked to put money in escrow for the eventual decommissioning of these projects. There are many windmills in west Texas that signed 30 year leases and have nobody to pay for the decommissioning of the windmill when they go offline because they didn’t know to ask or require dedicated funds
Example: LINK
This post was edited on 11/9/23 at 11:53 am
Posted on 11/9/23 at 11:46 am to billjamin
Google "Puerto Rico 936" for many articles about the economic disaster associated with this federal income tax avoidance subsidy scheme.
Posted on 11/9/23 at 11:59 am to MC5601
quote:
Most companies today are being asked to put money in escrow for the eventual decommissioning of these projects.
Correct.
quote:
There are many windmills in west Texas that signed 30 year leases and have nobody to pay for the decommissioning of the windmill when they go offline because they didn’t know to ask or require dedicated funds
Two things:
1. You admit in this sentence that these windmills have not yet gone offline.
2. Just because funds have not been set aside doesn't mean that the wind company is off the hook for decommissioning. Even if the wind lease does not require decommissioning costs to be put into escrow, these leases all require the lessee to decommission abandoned equipment.
quote:
Example: LINK
This is not an example of what you stated. This is an article predicting that it could be a problem if wind companies up and leave without fulfilling their contractual obligations.
Posted on 11/9/23 at 12:00 pm to MC5601
quote:
We spent millions on land and pay plenty of property taxes ourselves. Having solar or windmills around devalues every property around the area and this has been proven time and time again by farm and ranch real estate prices.
So did we, worry about your land and i'll worry about mine.
quote:
In our case, the county voted down the solar farm 3 times but the local school district was bribed with a 2.5 million dollar cash payment upon completion of the project
Sounds like you have an issue with an illegal bribe. Maybe you should worry about that ore than what your neighbor is doing.
Posted on 11/9/23 at 12:03 pm to MC5601
quote:
Most companies today are being asked to put money in escrow for the eventual decommissioning of these projects. There are many windmills in west Texas that signed 30 year leases and have nobody to pay for the decommissioning of the windmill when they go offline because they didn’t know to ask or require dedicated funds
You're so painfully misinformed. These assets aren't being decommissioned unless the land owner refuses to resign. They're being re-powered. This happens every day. No ones taking power producing assets offline right now.
Still waiting on the example of the "many" wind farms that have been abandoned.
This post was edited on 11/9/23 at 12:05 pm
Posted on 11/9/23 at 12:04 pm to Trevaylin
quote:
oogle "Puerto Rico 936" for many articles about the economic disaster associated with this federal income tax avoidance subsidy scheme.
Are you seriously comparing that to the ITC/PTC?
Posted on 11/9/23 at 12:12 pm to fightin tigers
quote:
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.
This and when the contract expires or is voided that you aren't responsible for the disposal and cleanup or anything pretaining to that.
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