Solar Land Lease Details
- Thread starter Zee09
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What a terrible place for PV
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Slower Delaware
There's risk and capital involved.
Often time it is easier to stay focus and lease, so your accountants are happy and your investors are happy. If you borrow money to buy land then things go south it is hard to exit.
It depends on who the customers of the electricity is. Sometimes they have a peak power demand they can charge a lot for and the timeslot fit solar.
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I have 8 acres of woods in the back they wanted it too...I lose $56k a year but I said no....
They would allow me to clear cut it and keep the proceeds or they would do it. It's old growth and I never do that on any lot I have except the house lot in Florida as thats the game and it's not what we have here...
They gave me no hassle when I said no.
They would allow me to clear cut it and keep the proceeds or they would do it. It's old growth and I never do that on any lot I have except the house lot in Florida as thats the game and it's not what we have here...
They gave me no hassle when I said no.
THANK YOU!
I know the contract says they’ll remove the equipment if they go belly up but I wonder if they’d be willing to buy a performance bond instead? I just worry about getting stuck with a bunch of obsolete equipment down the road and a company that’s restructured a few times that won’t pay.
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If it gets to that point i could leave it to the county for a park and let them deal with it....I'm actually serious...
Why wouldn't you want to just sell off the land in DE if your intention is to leave the area?
Where in DE?
Where in DE?
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I just bought it and I collect land like cars... Why sell it when it will work for me while gaining in value?
Blackbird Delaware
where in NY?
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I heard back from the Lawyer, and she wanted 5 minor clauses put into the contract
that expand on it and not any that supersede it. She said it was a fair deal and nothing in the 15 pages that
were an issue. I forwarded her concerns to the Solar company last night.
that expand on it and not any that supersede it. She said it was a fair deal and nothing in the 15 pages that
were an issue. I forwarded her concerns to the Solar company last night.
If the solar company is ran by a corporate rader type board they will make some money while the solar produces, have many such deals going on all with similar time that these contracts expire, then desolve the company or declair bankruptcy, and leave you holding the liability of 1. Removing the solar panels and disposing of them. And 2. Restoring the land to its original form.
The key things to rember here is that the output of solar panels degrades with time. And when they reach a loss of output to no longer cover the overhead of running the project, then there is a huge cost to remove, and dispose, those panels, and restore the land as it was before being used for solar. Doing anything with land in Delaware, such as a remove, dispose, and cleanup and restore to before use condition can get really expensive quick.
If these cost far exceed what they pay you, then its a great deal for them.
And sharks like this will likley start and run a new company every year so that when the solar panels degrade in output enough to not be worth keeping, ( that company's useful life times out ) they desolve that company and move on by managing the anothers until each of those have their solar panels timeout and are also desolved or declared bankrupt and then closed.
I don't know for sure that this is what is going on here, just a guess on my part about how this could go down.
Rember, any promises made by a company to do something in the future, are only useless words on useless paper after that company no longer exists.
Leaving the indivual who leases the land libel for cleaning things up once the solar panels degrade, and also libel for restoring the land, by simply dissolving the company after they have derived the profits, is a smart way of stepping out of the way of the future costs of using the land for solar when the panels output degrades over time.
You end up being a legal hurdle between them and those demanding restore the land. And that makes it even harder for anyone to go after the solar companies board after the company closes.
If they pull that on you, are you protected by a corporate vale of having declared an incorporated company and having ran all transactions re that land, so none are tied to you in any away?
Or, are you legally on the hook for liability of restoring that land after the solar company desolves or declares bankruptcy. Such liability could cause you to have to declare bankruptcy and possibly lose whatever you own, such as but not limited to business, stock, savings, future earnings, house(s) and car(s).
I see it as the solar company is buying a legal shield, by making you the land leaser the one responsible for the land in the future when they close shop to negate cost. And they sell this by making empty promises that they have no intention of even being in existence to honor in the future.
The key things to rember here is that the output of solar panels degrades with time. And when they reach a loss of output to no longer cover the overhead of running the project, then there is a huge cost to remove, and dispose, those panels, and restore the land as it was before being used for solar. Doing anything with land in Delaware, such as a remove, dispose, and cleanup and restore to before use condition can get really expensive quick.
If these cost far exceed what they pay you, then its a great deal for them.
And sharks like this will likley start and run a new company every year so that when the solar panels degrade in output enough to not be worth keeping, ( that company's useful life times out ) they desolve that company and move on by managing the anothers until each of those have their solar panels timeout and are also desolved or declared bankrupt and then closed.
I don't know for sure that this is what is going on here, just a guess on my part about how this could go down.
Rember, any promises made by a company to do something in the future, are only useless words on useless paper after that company no longer exists.
Leaving the indivual who leases the land libel for cleaning things up once the solar panels degrade, and also libel for restoring the land, by simply dissolving the company after they have derived the profits, is a smart way of stepping out of the way of the future costs of using the land for solar when the panels output degrades over time.
You end up being a legal hurdle between them and those demanding restore the land. And that makes it even harder for anyone to go after the solar companies board after the company closes.
If they pull that on you, are you protected by a corporate vale of having declared an incorporated company and having ran all transactions re that land, so none are tied to you in any away?
Or, are you legally on the hook for liability of restoring that land after the solar company desolves or declares bankruptcy. Such liability could cause you to have to declare bankruptcy and possibly lose whatever you own, such as but not limited to business, stock, savings, future earnings, house(s) and car(s).
I see it as the solar company is buying a legal shield, by making you the land leaser the one responsible for the land in the future when they close shop to negate cost. And they sell this by making empty promises that they have no intention of even being in existence to honor in the future.
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Taxable income?
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So far so good
They call and email for permission before they go on the property..
Friday they said this coming week they wanted to map out the property with a drone and asked... I really didn't expect that since they are leasing it already... not the first time either...
They call and email for permission before they go on the property..
Friday they said this coming week they wanted to map out the property with a drone and asked... I really didn't expect that since they are leasing it already... not the first time either...
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Pursuant to our contract I get a call once or twice a week... it's like I'm a member of the braintrust as they ask my opinion....
So much for hands off... I basically told them today that I may own the property and you may lease it but the county dictates how it will go down....
It's just that.... they are in the planning stage and submitting the plans.. nothing bad at all but not what I expected . I do appreciate the interaction and have told them my experiences in developing properties in the area....
I'm looking to receive a consulting fee...lol..
They have completed a property survey already..
So much for hands off... I basically told them today that I may own the property and you may lease it but the county dictates how it will go down....
It's just that.... they are in the planning stage and submitting the plans.. nothing bad at all but not what I expected . I do appreciate the interaction and have told them my experiences in developing properties in the area....
I'm looking to receive a consulting fee...lol..
They have completed a property survey already..
