There are several things to consider when a solar developer comes knocking on your door. Before jumping the gun and signing a lease with a multi billion dollar company, ask yourself if they have your best interest in mind.
1) You should probably read the "Farmland Owner's Guide to Solar Leasing"
This document is linked in a separate blog post dated January 22, 2022.
2) Assemble a team of experts (accountants, local private attorneys (one is good, two is better), your insurance agent, etc. Get multiple professional opinions.
3) Thoroughly research the developer. Ask for nearby solar facilities that they have developed. Don't just take their word for it, visit their facilities in person. Maybe even knock on a few doors of home owners that live next door to the facility.
4) Talk to your family. I'd also recommend discussing the pros/cons with fellow farmers and nearby neighbors.
5) Read all the documentation from the developer with a fine tooth comb.
6) Consider the terms within the lease. Take your time. Sleep on it. Nothing good can come from a rash decision. Always remember that money isn't everything.
7) Meeting the developer in person is advisable, however beware of their fancy suit and sports car appearance. They aren't much different than a used car salesman in my opinion.
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