Lease Land For Solar Farm Texas

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Lease land for solar farm texas.

The solar farms we develop require large amounts of land where we will ultimately place tens of thousands of solar panels. According to a texas attorney who frequently represents solar companies in lease agreement negotiations these lease agreements typically last between 20 30 years. These leases tie up property for a significant period of time so it is important to carefully evaluate the lease terms. The solar developer or whoever ultimately owns the solar farm built on your property will maintain the farm at their expense.

The above cost is non inclusive of the license fees and value of the land. Leasing your land to a solar farm is a great way to do your part in helping the united states convert to a cleaner renewable economy. They ll even pay all of the property taxes on the land. I ve been contacted by a company wanting to enact a solar lease on my land.

7x energy is an established well financed developer of solar farms that provides clean energy to utilities municipals cooperatives and corporations. Landowners can earn long term lease income for each acre of land that is available for solar farm projects often through community solar programs. Leasing land for solar or energy storage provides landowners with long term lease income. Solar leases are usually not short in duration.

As always i highly recommend that landowners consult an experienced attorney to review any lease agreement including a solar lease before it s signed. Before leasing land for a solar farm there are a few items that property owners should take into consideration. In general solar is a higher value use for land compared to agriculture and so mostly good business deals can be struck with solar. For example a typical utility scale solar farm covers only 1 500 to 2 000 acres while a typical utility scale wind farm might cover 250 000 acres.

While solar leases and wind leases bear a number of similarities they also differ in important ways. The solar farm won t make any noise or emit any pollution so it won t bother you your neighbors or any animals. The cost of land for 1 mw plant will therefore translate to 2 500 per month on average. What issues do i need to be aware of.

For example non irrigated land may go for less than irrigated row cropland and a commercial timber operation in georgia or cattle ranch in texas would warrant less than a california vineyard or tomato farm. As stamford texas attorney james decker explained we re still early in the era of solar energy development in. On average 1 acre solar farm cost about 500 per month to lease in the united states. A solar garden constructed on ten acres can offset the equivalent amount of co2 as 2 950 acres of u s.