So I’ve heard a lot lately about solar panels getting farmers €1,000/acre for their land.
I want to get a full understanding of it all and would like for everyone else to tell me what they know or have heard about it.
I’ve read lately in the papers about solar farms having an operational lifespan of 40 years. However I’ve read that there is 10 year leases being given out. So what happens after 10 years when the lease is up if for whatever reason the company you are dealing with doesn’t want you continue the lease? Also your farm would be covered in these solar panels & sub stations etc so wouldn’t this leave anyone in a very poor position to try negotiate a new deal? Plus if the company that is leasing from you somehow goes belly up how would you ever get rid of the solar panels and all the rest of the stuff? You’d probably be stuck with it.
Something else I want to know is if it is possible for a farm to go back to being a farm after the 40 years or whatever are up? Or will there be all cables and concrete etc all over the farm preventing it from ever being land again?
I know €1,000/acre sounds like a lot but you’d have to be getting paid that money into a company. The company would be leasing out the farm, this type of company would be subjected to 25% tax and there’s no way around that. Also when a person would try pass on the farm afterwards they wouldn’t be able to avail of whatever special tax treatment that farmland is subjected to usually.
Personally I would never in a million years be in favour of solar panels. It’s just a death by 1,000 cuts much the same as planting a farm in forestry. I’d genuinely be extremely interested to hear what everyone else has to say about it though