Lease Land For Solar Farm Nc

7x energy is an established well financed developer of solar farms that provides clean energy to utilities municipals cooperatives and corporations.

Lease land for solar farm nc.

Just as solar developers will conduct due diligence on potential solar farm sites landowners should do their own due diligence on the development company proposing the solar land lease. This is a good thing for landowners as it makes the job of projecting lease revenue much simpler. The above cost is non inclusive of the license fees and value of the land. Even in rural areas of north carolina or california where demand for small solar sites is high rent over 1 000 acre.

Landowners will want to confirm that the developer presenting the proposal is registered to do business in the state of north carolina. Not all solar developers offering to lease land in north carolina are north carolina based businesses. Landowners need to make sure that their lease clearly states that north carolina law will govern any legal disputes and that the venue or the place where a legal claim is filed is the county in which the leased property is located. On average 1 acre solar farm cost about 500 per month to lease in the united states.

While north carolina has experienced dramatic growth in utility scale solar over the past decade it lags. We would never consider selling so our solar lease is really good and the land is really good. The solar farms we develop require large amounts of land where we will ultimately place tens of thousands of solar panels. Therefore contractually fixed rental rates on a per acre basis are the most common structure for solar farm land leases.

For example the solar farm land requirements for a 1 megawatt solar plant is around 5 acres. If anything or anybody else had come along we would have said no. Before leasing land for a solar farm there are a few items that property owners should take into consideration. Core solar with offices in austin texas and charlotte north carolina is a professional solar project development services company.

The leasing of solar energy facilities is a critical component of the bipartisan hb 589 competitive energy solutions for north carolina that was signed by governor cooper in july 2017 nc interfaith power and light commented. First even though solar farms typically require less maintenance than other forms of energy generation they can still have a dramatic effect on the local surroundings. Our deep understanding of solar development means we focus only on projects that are highly likely to succeed in the competitive market.