Jogeephus
Well-known member
I've gotten several inquiries on whether or not I'd like to enter into a lease agreement to allow a company to put a solar farm on my property. I've received somewhere around six inquiries so far offering a yearly rent ranging from $500 to $700 per acre per year. Sounds too good to be true so I'm cautious for several reasons. The first is if this is one of those economies built on tax subsidies then where will I be in a few short years. Long term contract or not, if the company goes belly up after the taxpayer support is gone the contract is worthless and I'm left with a bunch of concrete footers that will need to be removed. The second thing that concerns me is why on earth - if this is such a lucrative proposition - would they pay me this much an acre rather than buying the land themselves?
I might be overly cautious but I think any business model that relies on government incentives is a questionable venture.
Anyone else seen anything on these lines?
I might be overly cautious but I think any business model that relies on government incentives is a questionable venture.
Anyone else seen anything on these lines?