Solar Farm Land Lease Rates Texas

Cultural land to lease to build solar projects.

Solar farm land lease rates texas.

Essentially belltown power texas would become a tenant on your property. I think my option will bring in a higher than average rent for a solar farm but it came with a price. Companies are advertising in farm magazines in an attempt to coerce landowners to sign up their land for solar. I think there has to be a different consideration for farm land leased for solar versus farmland leased for crops.

As stamford texas attorney james decker explained we re still early in the era of solar energy development in texas. Solar energy development in texas is still in its early stages and there is surprisingly little information available for landowners considering the pros and cons of entering into a solar lease agreement. Solar farm land lease rates in the right locations solar is one of the most profitable uses of rural land. The popularity of solar leases has increased significantly in the last year.

We handle everything from assessing your site and providing lease rates to permitting environmental studies and interconnection. How are solar farm land lease rates determined. The same is often not true for solar leases. Based on this landowners evaluating solar leases should usually assume the lease payment will be the only income for the property and negotiate accordingly.

Solar leases aren t overly complicated. Not so with a long term solar lease. Determining the value of a solar farm lease rates usually comes down to a two step process consisting of an evaluation of the land itself and the actual lease negotiation. The benefit to you is the rent you collect for the use of your land.

Lease rates appear very enticing particularly when commodity prices are low but landowners should seek advice from straightforward practical minded legal counsel to minimize unintended consequences and avoid a deal that. However pinning down an exact figure of what land should rent for can be a challenge for landowners because of the wide range of data found on the internet. 5 ten important issues to consider for a balanced marketable and financeable greenfield solar ground lease mercer thompson llc sept. It was a 51 acre parcel but only 31 acres will be utilized.

Crops come and go in a year. Opportunities exist to make major income from solar leases as companies advertise lease rates of 800 to 1 200 per acre annually. Lease rates can be very enticing for agricultural landowners especially when commodity prices. 4 see appendix a solar lease template pg.

Often a solar farm requires numerous continuously placed panels that would prevent other uses to be made of the surface of the land.