Q: How long does a solar lease last?
A: The term of a solar lease is typically between 20 and 30 years
Q: What effect will the solar lease have on my property?
A: If you currently receive a special tax valuation (in Ohio
a “current agricultural use valuation,” in PA a valuation under Act 319) you
may lose that status and have your real estate taxes increase. There may be a recapture of previous taxes
that were foregone. Finally, the
installation of the solar facility may trigger a personal property tax. The lessee should agree to pay these
Q: What does a solar array involve?
A: A solar array involves row after row of dark panels mounted on posts. There might also be associated equipment …