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Rusty Allis 
Bronze Level Access
Joined: 16 Jul 2020
Location: Rhode Island
Points: 173
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 Topic: New Year, New Issues
Posted: 20 hours 15 minutes ago at 4:03pm |
Hey gang! Hope everyone is doing well and had a great Christmas. I'm posting because we have been approached by an "alternative energy" company who is proposing a 20 year lease on about 25 acres or so of property. Personally, I think the whole solar thing is pretty scummy myself but was wondering if anyone here had any real experience with this, or knew anyone who does. What pitfalls have been discovered after signing up etc? Obviously, if things move forward, we will need a good land/contract attorney but I wanted to hear any good/bad/ugly on this stuff.
I have quite a few concerns, especially when it's over will they remove it, environmental issues etc. And what would happen should they go bankrupt etc.
You know the deal, if it sounds too good to be true, it probably is...
Thanks for your reply!
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Lars(wi)
Orange Level Access
Joined: 14 Sep 2009
Location: Permian Basin
Points: 8303
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Posted: 19 hours 30 minutes ago at 4:48pm |
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With the current political climate blowing, I would not touch a windmill(or a solar field) for the tea in China.
The only somewhat ‘real world experience’ I have was hauling diesel fuel to a contractor south of McCamey Texas that was removing a ‘wind farm’ that was less than 20yr old. At the first renewal of the lease, the parties could not agree, so out they went, per the contract.
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I tried to follow the science, but it was not there. I then followed the money, and that’s where I found the science.
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jaybmiller
Orange Level Access
Joined: 12 Sep 2009
Location: Greensville,Ont
Points: 24904
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Posted: 18 hours 43 minutes ago at 5:35pm |
some things I've thought of... 1) get contract to say what use of your land you'll have 2) get contract to say what access THEY will have to your land 3) get contract to setup an 'escrow(?) account to cover ALL costs for removal of their equipment at end of 20 year lease 4) be SURE contract does NOT 'auto renew' ! 5)) be sure contract says THEY are responsible for 'any and all damages arising from any and all equipment' that affect any and all ' of your land 5) be sure contract says THEY are responsible for any and all damages to land and loss of wildlife and NOT you, the land owner ! 6) contract is for xxx amount of surface land area and NOT MINERAL or underground rights
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3 D-14s,A-C forklift, B-112
Kubota BX23S lil' TOOT( The Other Orange Tractor)
Never burn your bridges, unless you can walk on water
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Wispitfiremike
Silver Level
Joined: 28 Mar 2017
Location: Milwaukee, WI
Points: 207
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Posted: 16 hours 4 minutes ago at 8:14pm |
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Terms should also have an escalator clause every whatever period you chose. We have a cell tower on our property that increases every 5 years.
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steve(ill)
Orange Level Access
Joined: 11 Sep 2009
Location: illinois
Points: 89375
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Posted: 13 hours 53 minutes ago at 10:25pm |
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assume they will go bankrupt in 10 years and not there to finish or cleanup... GET your MONEY up front !
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Like them all, but love the "B"s.
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Dirt Farmer
Silver Level Access
Joined: 15 Sep 2020
Location: Illinois
Points: 455
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Posted: 11 hours 6 minutes ago at 1:12am |
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Sent you a pm
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DiyDave
Orange Level Access
Joined: 11 Sep 2009
Location: Gambrills, MD
Points: 54766
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Posted: 8 hours 4 minutes ago at 4:14am |
When they figger out you ain't stupid, they will move on to greener pastures... 
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Source: Babylon Bee. Sponsored by BRAWNDO, its got what you need!
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Rusty Allis
Bronze Level Access
Joined: 16 Jul 2020
Location: Rhode Island
Points: 173
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Posted: 2 hours 6 minutes ago at 10:12am |
Wow, thanks! Lots of good points brought up and I really appreciate it. Not sure which way we'll go but I do thank everyone for the input/ideas.
My gut says "no thanks" because when you add up the taxes (income/state) plus all the people involved, it just seems like 20 years of torture.
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