Help your clients understand solar leases
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.
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