20 Miles West of Indianapolis Indiana | I know of a fella who has been offered over $1000 an acre for a solar lease on ground worth $6000-$8000 an acre. He’s cash renting it now and not to get too open about finances but let’s say he’s getting $200 an acre rent. Thats 2.8% ROI at $7000 an acre value. Then solar would be 14% ROI at current value:
Has anyone on here been in a similar situation and say in this example sold the land for $14,000 an acre (let’s just say 2X the current farmland value) with the solar lease?
I’m not a fan of the solar. With the way technology changes so quick I’d be afraid there would be some clause that lets them out if the technology becomes inefficient based on new technology every day. But I wonder if it’d be a way to increase your selling value in the short run to sell and buy more acres? |
Anyone signed a solar lease, then sold the farm for big money after?
