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re: Talk to me about solar farms
Posted on 9/14/19 at 7:46 pm to braindeadboxer
Posted on 9/14/19 at 7:46 pm to braindeadboxer
Be sure to write into the lease some money in escrow to flip the land back to cane, clear the equipment, etc. They will prob want forgiveness/escrow return after a set period of time, like 20 years. Don’t let them do anything without it because if the company goes tits up you’ll be footing the bill to get the land back to use.
0
Posted on 9/14/19 at 7:58 pm to braindeadboxer
Tell em you’re a baw and demand a royalty
Posted on 9/14/19 at 9:37 pm to braindeadboxer
quote:
. Family has been approached by someone offering $600 an acre to lease the entire property to put a solar farm.
Someone is blowing smoke up someone elses arse or lying, as in we will pay this once then x thereafter.
Solar cant even pay for the hardware much less land rent at that rate.
Posted on 9/14/19 at 10:10 pm to braindeadboxer
quote:
And no one in the family knows shite about solar
I’d learn as much as possible (about solar) before jumping in the sack with that.
Posted on 9/14/19 at 10:12 pm to braindeadboxer
How does the gov payment from cane compare to the gov payment for solar? I would not do solar on principle alone.
Posted on 9/14/19 at 10:48 pm to braindeadboxer
An escrow account if the solar farm bites the dust sounds highly advisable.
There is an article in Forbes magazine giving a heads up about the potential costs and liabilities of Solar panel disposal.
Cliff note's version: Turns out the "clean" energy panels are too toxic for landfills.
Forbes article
There is an article in Forbes magazine giving a heads up about the potential costs and liabilities of Solar panel disposal.
Cliff note's version: Turns out the "clean" energy panels are too toxic for landfills.
Forbes article
quote:
Researchers with the Electric Power Research Institute (EPRI) undertook a study for U.S. solar-owning utilities to plan for end-of-life and concluded that solar panel “disposal in “regular landfills [is] not recommended in case modules break and toxic materials leach into the soil” and so “disposal is potentially a major issue.”
Posted on 9/14/19 at 11:38 pm to braindeadboxer
Assuming the land has a transmission line on it if it's been identified as a site for a solar farm. I've seen tracts sell for $5,000 -$10,000/acre for solar farms. That's a wide range, but it's a start to see if their offer to lease makes sense. Run the numbers, and paying somebody involved with solar farms for their advice will be the best money you could spend.
Posted on 9/15/19 at 7:16 am to braindeadboxer
quote:
In 10 years if solar goes kaput, what’s the realistic chances of putting it back in ag use?
1. Solar isn’t going anywhere but up
2. You’ll still be tied into your local utility grid in case anything happens. That’s where all the electricity is stored because the batteries to hold that much power just aren’t there yet. You’re still storing your energy in the grid.
Posted on 9/15/19 at 7:20 am to IllegalPete
quote:
There is so much government money being thrown around to prop up the industry and line the pockets of friends and family.
Yet, the USSA has a 22+ TRILLION dollar debt and unfunded liabilities exceeding 220 TRILLION. ??
Posted on 9/15/19 at 7:22 am to cajuncarguy
quote:
Solar is A LOT MORE EXPENSIVE than conventional generation. In order for the solar to pay its bonds off they get the state to require the utilities to buy this electricity at higher rates than they can generate it themselves and it gets passed on you you. It's a JBE transfer of wealth to his buddies. Pure scam.
Sounds like you know almost nothing about solar. The customer gets 30% back from the federal government upon initial purchase (let’s say a $20,000 system, you’d get $6,000 back up front.)
Many states offer additional state incentives on top of that but Louisiana is currently not one of those. The electricity you generate is stored in the grid under your account and you use what you generate. If you have any overage, the utility company has the option to buy your unused electricity but it’s typically cheaper than what they charge but they will cut you a small check for what they buy
Edit: it sounds like a good deal, OP. Just know that the person approaching you is likely a middle-man and is helping the state produce a mandated green energy goal for your local utility. They’re probably making A LOT on this deal and giving you a small piece of the pie. Ask for more.
This post was edited on 9/15/19 at 7:27 am
Posted on 9/15/19 at 7:27 am to TegrityFarms
quote:
Solar isn’t going anywhere but up
The current companies in it though...
I like escrow idea to return land.
Posted on 9/15/19 at 7:32 am to thelawnwranglers
quote:
The current companies in it though... I like escrow idea to return land.
A lot of Louisiana-based companies went out of business after 2016 because the state was offering an additional percentage on top of the federal 30% so many companies were competing and undercutting one another just to get the deal and the state pulled the plug on their end of the bargain at the end of the year and left a lot of companies in debt. Louisiana renegged on its end because we were broke.
Posted on 9/15/19 at 7:43 am to TegrityFarms
That’s a good thing, wish all government would quit subsidizing these projects
Posted on 9/15/19 at 8:01 am to yellowfin
quote:
wish all government would quit subsidizing these projects
I mean, I don’t disagree with you but do you apply this same logic to O&G because they get a SHITLOAD of subsidies.
quote:
In March 2012, President Obama called for an end to the $4 billion in oil industry subsidies. Some estimates indicated that the real level of oil industry subsidies is higher, between $10 and $40 billion. At the same time, oil company profits benefited when oil prices reached a record of $145 a barrel in 2008. The oil industry subsidies have a long history in the United States. As early as World War I, the government stimulated oil and gas production in order to ensure a domestic supply. In 1995, Congress established the Deep Water Royalty Relief Act. It allowed oil companies to drill on federal property without paying royalties. This encouraged the expensive form of extraction since oil was only $18 a barrel. The Treasury Department reported that the federal government has missed $50 billion in foregone revenue over the program's lifetime. It argued that this may no longer be needed now that deepwater extraction has become profitable. Here is a summary of the 2011 oil industry subsidies compiled by Taxpayers for Common Sense in its report, "Subsidy Gusher." Volumetric Ethanol Excise Tax Credit - $31 billion. Intangible Drilling Costs - $8.9 billion. Oil and Gas Royalty Relief - $6.9 billion. Percentage Depletion Allowance - $4.327 billion. Refinery Equipment Deductions - $2.3 billion. Geological and Geophysical Costs Tax Credit - $698 million. Natural Gas Distribution Lines - $500 million. Ultradeepwater and Unconventional Natural Gas and other Petroleum Resources R&D - $230 million. Passive Loss Exemption - $105 million. Unconventional Fossil Technology Program - $100 million. Other subsidies - $161 million. Greenpeace argues that the oil industry subsidies should also include the following activities: The Strategic Petroleum Reserve. Defense spending that involves military action in oil-rich countries in the Persian Gulf. The construction of the U.S. federal highway system which encourages reliance on gas-driven cars. The BEA argues that these federal government activities were primarily done to protect national security and not promote specific activities within the oil industry. Even though the intent was not to directly subsidize it, they may have benefited the industry indirectly.
This post was edited on 9/15/19 at 8:03 am
Posted on 9/15/19 at 8:09 am to TegrityFarms
Yea, not saying they dont get subsidies but that article is wrong. They definitely pay royalties in DW and always have.
A better stat would be the percentage of subsidies they receive compared to the royalties they pay.
A better stat would be the percentage of subsidies they receive compared to the royalties they pay.
Posted on 9/15/19 at 12:00 pm to braindeadboxer
I and my sibling have about 200 acres in NELA, it generates enough to pay taxes, insurance on the grandparents' house and put a little back for rainy days by farming corn and wheat. The solar thing sounds good but solar seems a bit too risky.
What we're waiting for us for hemp to be legalized.
What we're waiting for us for hemp to be legalized.
Posted on 9/15/19 at 12:09 pm to TigerinATL
quote:
The plants benefit from being protected from direct sunlight
I'm all for solar, but the idea that it's actually helpful for the immediate environment is a ploy at best. Those mirrors are HOT and they kill a ton of birds and beneficial insects.
I know a few guys who worked on the farms on the SoCal/Nevada border. They'll tell you how they would find dead birds everywhere. Louisiana has a ton more birds than southern Nevada.
Posted on 9/15/19 at 12:19 pm to TegrityFarms
quote:
Sounds like you know almost nothing about solar. The customer gets 30% back from the federal government upon initial purchase (let’s say a $20,000 system, you’d get $6,000 back up front.) Many states offer additional state incentives on top of that but Louisiana is currently not one of those. The electricity you generate is stored in the grid under your account and you use what you generate. If you have any overage, the utility company has the option to buy your unused electricity but it’s typically cheaper than what they charge but they will cut you a small check for what they buy Edit: it sounds like a good deal, OP. Just know that the person approaching you is likely a middle-man and is helping the state produce a mandated green energy goal for your local utility. They’re probably making A LOT on this deal and giving you a small piece of the pie. Ask for more.
Federal subsidies are expiring soon, entergy just changed how much they will buy for, state incentives are gone.
Solar in Louisiana went from 180 solar companies 10 years ago, to 18 now. Solar is on its way out in Louisiana
Posted on 9/15/19 at 12:30 pm to bee Rye
Fed tax credit goes to 26% next year from 30%.
They’ll reintroduce a bill and see if it gets approved. I’d be surprised of the federal solar incentives completely go away. Louisiana would be an excellent state for it but sadly the population rejects it.
They’ll reintroduce a bill and see if it gets approved. I’d be surprised of the federal solar incentives completely go away. Louisiana would be an excellent state for it but sadly the population rejects it.
Posted on 9/15/19 at 12:45 pm to TegrityFarms
Gotta love the OT. One person says tax credits are expiring and the industry will dry up. Almost the next post, they are here to stay
Consistently inconsistent.
Consistently inconsistent.
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