Leasing your farmland for wind power offers an alternative, secondary source of income — one that allows you to continue farming while potentially reaping the benefits of clean energy production. However, wind power generation agreements can create complex legal and financial issues, potentially affecting your property rights far into the future. Due to these complexities and the often large sums of money and time involved in a wind project, you should consider engaging competent legal advice from an attorney well-versed in wind power agreements.
Renewable energy production on your land can raise many questions. If you have been approached in regards to leasing or selling your land for energy production here are some primary questions to consider:
- How will a lease for energy production affect my farming capability and yields?
- How long do power generation leases typical last and how will it tie up my land?
- What are my obligations AND what are the obligations of the power company under these types of transactions?
- How will I - or should I - be compensated?
- What happens at the end of the agreement?
- How do I evaluate the strengths and weaknesses of developer?
- What are the different types of wind-power lease agreements I should look for?
- Exactly how do wind turbines affect my farm?
- Will I receive free power for my farm?
- Will my land be cared for and respected in terms of cleanliness and limited access rights?
This is a new and complex areas of law that requires an attorney to guide you successfully through the details to ensure that your rights are protected and that you get the results you want. Michael Hubbard has detailed and seasoned experience in this area of law.
Should I hire a lawyer? Contact us for a consultation if you feel you need representation when considering leasing some or all of your property for sustainable clean energy production.