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Help your clients understand solar leases

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Rural land with flowers in the foregroud and a tilled field in the background, separated by a barbed wire fence.

07/19/2016 | Author: Editorial Staff

Currently, the solar equipment installed in Texas can power 61,000 homes, according to the Solar Energy Industries Association. And in addition to companies that have gone solar in Texas, including Kohl’s, REI, and FedEx, private Texas landowners are entering into solar lease agreements to allow solar panels on their properties. Before a landowner negotiates his or her solar rights, there are many important issues to consider. For instance, to which estate does the sunlight belong? What are the rights of mineral owners? What can landowners expect in terms of royalties or lease duration?

Get answers to these questions and more in “Who owns the rights to the sun?” in the July 2016 issue of Texas REALTOR® magazine. The digital edition also has two extra pages you won’t find in the print issue and cover how a solar project could affect special tax-use valuation eligibility, plus five legal terms your clients may see in their agreement.

Categories: Legal, Land, farm, ranch
Tags: texas realtor magazine, solar, farm and ranch, lease agreements

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The material provided here is for informational purposes only and is not intended and should not be considered as legal advice for your particular matter. You should contact your attorney to obtain advice with respect to any particular issue or problem. Applicability of the legal principles discussed in this material may differ substantially in individual situations.

While the Texas Association of REALTORS® has used reasonable efforts in collecting and preparing materials included here, due to the rapidly changing nature of the real estate marketplace and the law, and our reliance on information provided by outside sources, the Texas Association of REALTORS® makes no representation, warranty, or guarantee of the accuracy or reliability of any information provided here or elsewhere on texasrealestate.com. Any legal or other information found here, on texasrealestate.com, or at other sites to which we link, should be verified before it is relied upon.

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