- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
0
Posted on 5/24/23 at 12:27 pm to JohnnyBgood
My dad (farmer in GA) is mid 70s and hopefully is able to retire soon. While we are planting up most of the remote farm stuff into pine trees, I won't lie that if someone wants to lease a few hundred acres for passive income, I wouldn't have deaf ears. We know a guy that piloted a program to raise sheep around the panels, so you could potentially have 2 income streams.
But yeah, it makes me sick to see thousand-acre fields by the highway that are just panels now. I get it.
But yeah, it makes me sick to see thousand-acre fields by the highway that are just panels now. I get it.
Posted on 5/24/23 at 12:28 pm to upgrayedd
quote:
This is happening all across the south. These solar farms and energy companies are getting massive kickbacks from the government.
Can confirm. It’s also terrible for the environment
Posted on 5/24/23 at 12:31 pm to JohnnyBgood
Yep, my family was approached too, we own some farmland and lease it out for farming. For one thing I doubt they could hold to the numbers they were promising for as long as they were but as for another our family decided as yours - if we all sell the farming out to this BS we won't have much we still produce ourselves here in the U.S.
BS like this has to stop.
BS like this has to stop.
Posted on 5/24/23 at 12:34 pm to upgrayedd
quote:
everything is thrown away.
You mean left as an ugly overgrown eyesore for the next 50 years
Posted on 5/24/23 at 12:35 pm to JohnnyBgood
quote:
The proposal is for 30 years! They have to lock in the land deals now to start receiving the federal funds. Most will probably go deduct and file for bankruptcy once the White House administration changes.
I'm not trying to play devil's advocate here, just trying to present both sides. So let's take the current Plaisance one with Lightsource/BP. It's for 30 years to lease the land and there is a commercial client, McDonald's who also signed a 30-year contract to purchase the offsets/credits/solar. I'm not sure how a company with deep pockets like BP just walks away after 10 years when McDonald's is involved as well. Maybe I'm missing something.
Posted on 5/24/23 at 12:37 pm to JohnnyBgood
Just curious…how much land are they offering to lease ?
We have some property that I am trying to get some add’l revenue on.
TIA
We have some property that I am trying to get some add’l revenue on.
TIA
Posted on 5/24/23 at 12:38 pm to JohnnyBgood
quote:
Most will probably go deduct and file for bankruptcy once the White House administration changes.
Sounds like coal business in the 80's
Posted on 5/24/23 at 12:39 pm to upgrayedd
quote:And upper plains - they're trying to get farmers to hand over their acreage to kill the grass and soil with these panels. A lot of them are not falling for it but a lot are also putting in the monstrous windmills.
This is happening all across the south.
Posted on 5/24/23 at 12:41 pm to Tomatocantender
quote:
I'm not trying to play devil's advocate here, just trying to present both sides. So let's take the current Plaisance one with Lightsource/BP. It's for 30 years to lease the land and there is a commercial client, McDonald's who also signed a 30-year contract to purchase the offsets/credits/solar. I'm not sure how a company with deep pockets like BP just walks away after 10 years when McDonald's is involved as well. Maybe I'm missing something.
Might have ran out of tax liability to offset and sold it or maybe they were just doing the development and always wanted a tax equity partner.
Posted on 5/24/23 at 12:59 pm to ElderTiger
quote:
Just curious…how much land are they offering to lease ?
We have some property that I am trying to get some add’l revenue on.
TIA
Part of the deal is for up to $1,000 per acre, BUT.....that is only for what they call "applicable acreage." Meaning only the portion they deem worthy of panels next to the transmission lines.
Its very minimal dollars per acre during the due diligence and developmental/construction phase. Something like $60/acre. It could be 10-15 years before a landowners sees any substantial cash flow from this deal.
Posted on 5/24/23 at 1:01 pm to JohnnyBgood
And it probably only has a 20% chance of being developed. Lots of people out there trying to lock up land, hopefully get an interconnection approval then trying to sell it off and make some money. They don't have a great close rate.
Posted on 5/24/23 at 1:02 pm to billjamin
quote:
Does anyone in here have any real clue how these subsidies work? Lots of wrong takes as usual.
Well, the representative basically admitted to me that once the land deals are locked up for development, they apply for federal subsidies and receive an arse load of money from the government. They will make more from subsidies that from actually selling the power to the grid.
That's why only 1% of the leased farmland will actually have panels developed on them over time. Its a government cash grab. This is info straight out of the mouth from the renewable company.
This post was edited on 5/24/23 at 1:04 pm
Posted on 5/24/23 at 1:09 pm to JohnnyBgood
quote:
Well, the representative basically admitted to me that once the land deals are locked up for development, they apply for federal subsidies and receive an arse load of money from the government. They will make more from subsidies that from actually selling the power to the grid.
That's why only 1% of the leased farmland will actually have panels developed on them over time. Its a government cash grab. This is info straight out of the mouth from the renewable company.
He's an idiot then.
It's either a 30% ITC thats taken on the FMV at PTO by the asset owner or maybe they'll look to use the new PTC but that still doesn't pay out anything until after PTO since it's production based.
These guys can't get shite. All they do is congestion analysis, and try to get an approved ATI then try and sell it to the company that will eventually get the subsidy or use it to get cheap CoC from a tax equity partner.
Just remember, renewable landmen, just like O&G ones are mostly washed up lawyers who are too stupid to actually practice law. They're morons and just make shite up to close deals.
This post was edited on 5/24/23 at 1:11 pm
Posted on 5/24/23 at 1:17 pm to JohnnyBgood
If these solar panels are so great why not put them on barges that are anchored right next to coast of Louisiana and run a power cable from each barge to the grid ?.
Posted on 5/24/23 at 1:19 pm to SantaFe
quote:
If these solar panels are so great why not put them on barges that are anchored right next to coast of Louisiana and run a power cable from each barge to the grid ?.
Marine environment corrosion + putting generation where there's no population or demand isn't a great idea.
Posted on 5/24/23 at 1:32 pm to JohnnyBgood
Should at least redline the shite out of their contract and 10 fold the pay scale. Make them pay some attorney fees to go back and forth with you. No better F U than wasting peoples time and money. You let them off easy!!!
Hell you might have been able to negotiate a deal that's more prosperous than farming.
Hell you might have been able to negotiate a deal that's more prosperous than farming.
This post was edited on 5/24/23 at 1:33 pm
Posted on 5/24/23 at 2:26 pm to JohnnyBgood
quote:
These guys are really preying on some weak (and greedy) landowners
My son goes to school about 20 minutes from our property. I drive through mostly farmland to get to the small town where he is in school. About 7 months ago out in the middle of farmland a tall hurricane fence went up around 800 acres or so. Yep... a solar farm. Ugly. A few homes are on county Rd and the solar farm is on 3 sides of them.
fricking eye sore.
Posted on 5/24/23 at 2:30 pm to NickyT
quote:
taking away crops
They’ve had years of practice with the ethanol boondoggle. Wouldn’t be anywhere close to competing with clear gasoline absent the stack of government subsidies, and the significant federal penalties on oil companies that don’t produce their assigned quota
(a tax that didn’t go through proper channels).
Whoever called this a cult was spot on.
Posted on 5/24/23 at 2:30 pm to JohnnyBgood
Not to mention the destruction windmill parts and broken mills can cause
Page 3 of 4
Popular
Back to top
Follow TigerDroppings for LSU Football News