Professional Solar Panel Installers in New Brunswick, NJ

Lease rates will vary depending on the state you live in and the cost of power within your local jurisdiction. Lease rates will also vary significantly based on the available solar program which the project on your land will be developed under. You can expect to be paid a significant premium to the current rentable value of the land.

Typically, the average term for our land leases are 25 years but this can vary depending on the region and the project. We also may offer extensions which may be two, four, or five years in addition to the original lease term. While discussing the lease agreement with you, we lay out the terms and what happens at the end of the lease.

Under the lease, OYA or its long-term ownership group will be responsible for removal of all equipment and infrastructure associated with the project. OYA will pay all costs associated with the decommissioning activity. While, decommissioning of the solar farm is always incorporated into the lease agreement, in some cases, towns and/or counties require developers to post a Decommissioning Bond to ensure funds are available at the end of life to remove the solar facility. While this has a financial impact to the project that will be passed on to the energy user, if required, we are happy to work with the relevant stakeholder to do so.