Solar leases are a great way to generate extra income with little or no effort on your part. You will receive a recurring stream of annual payments for the life of the solar project (typically 30-40 years). The solar developer oversees development, construction, operation & maintenance, and decommissioning of the solar facility along with all associated costs. Lease payments can help hedge against volatile commodity prices and keep land in your family for future generations
Solar development creates jobs for your community. A 300 MW solar project can create 500 new local jobs during the construction phase, and 5 operation and maintenance jobs while the solar farm is operational (Read more). The utility-scale solar industry employs 231,000 Americans across all 50 states (Read more)
Solar farms generate electricity without emitting harmful pollutants or depleting natural resources. A 500-acre solar farm can power approximately 15,000 homes. Utility scale solar farms in the US prevent 70 million metric tons of CO2 emissions annually (Read more)
Solar farms increase US energy security by creating local, diverse, reliable, and resilient sources of power. Combining solar energy generation with battery storage can provide backup power during outages and help stabilize energy prices
The lease is attached to the land and can be assigned to a beneficiary or new owner of the property
The developer pays for any increased property taxes as well as any rollback taxes as part of the change in the land use status. The increased taxes which are covered by reNRG support local schools and counties
