Landowners are essential to our success, and we highly value our long-standing partnerships with landowners across the United States.
7X Energy is an established, well-financed developer of solar farms that provide clean energy to utilities and corporations. The power plants we develop require large amounts of land where we will ultimately place tens of thousands of solar panels. As a landowner, that’s where you come in.
If you own a few hundred of acres of land and are not using it for farming, mining or other commercial purposes, we might be interested in leasing or even buying your land. Within months, your unused land can give you a steady, predictable stream of income for up to 25 years, and you won’t need to do a thing.
How We Work With Landowners: Four Phases
- Initial Conversations: Not all land is the same, and your particular plot of land may not be conducive to building a solar farm on it because of its size, location, or dozens of other factors. Even if it is, we need to agree on certain terms before moving any further. Therefore, the first step is to examine your land and explore legal matters such as ownership status, easements, and title restrictions. If everything looks good and we all wish to move forward, we’ll negotiate a Lease or a Contract to Purchase.
- Development: Once we sign an agreement, we will enter into the Development term. This term can last from 18 months up to four years. During this time, we will conduct environmental, archaeological, geotechnical, electric grid interconnection, and other project-related studies. We require only minimal use of your land, and you can continue to use your land without interference from us. You will retain 100% of the income produced by your use of the leased land during the Development term. Once all required studies are complete and the project is ready for construction, you’ll be notified of our intent to enter the Construction term. We will provide as much advance notice as possible to allow for completion of your existing farming and/or grazing activities through the season.
- Construction: Project construction commences once the final permitting/zoning of the property is complete and we secure project financing. If under lease, you will still be able to access the land located outside the solar project boundaries. We will always employ industry best practices in the construction of our facilities and maintain ample insurance coverage for any unintentional damage that may be caused to your property.
- Operations: Upon completion of construction, the solar facility will be brought online and remain there for the next 25 years or so. It will be remotely monitored at all times. Although solar projects require very little maintenance, a small on-site staff (typically 1-2 people) will maintain a presence at the project for security and maintenance purposes, with rare additional on-site contractors for maintenance or equipment replacements. Solar facilities are very low impact and do not produce noise or air pollution. They are also generally screened from public rights of way to minimize visual impact.
Frequently Asked Questions
+-What if there is a homestead on a portion of the property that 7X is interested in leasing or purchasing?
No problem. We’ll work with you to carve out the parcel of land containing the homestead from the project footprint.
+-What if I lease the property to a third party for ranching or farming?
Our agreement will provide that sufficient notice must be provided to allow any tenant farmer to finish out the current farming operations.
+-Do you pay landowners during the Development term?
Yes! An initial payment is made upon execution of the agreement. Additional payments are made annually in quarterly installments.
+-How long does the construction of a solar facility take?
Depending on the size of the facility, the average construction time is 6 to 12 months.
+-What happens if the solar project operator becomes insolvent after the project is built?
The lease agreement will require that the developer post a bond issued by a major third party bank or financial entity. In the highly unlikely event of insolvency, the amount of the bond will be sufficient to remove all equipment and restore your property to its original condition.
+-Will the facility be fenced?
Yes, the solar facility is fenced for multiple purposes including security and liability reasons. The fence type varies but generally consists of a 6-foot tall chain link fence.
+-Are there negative environmental impacts to the land?
No, there are no dangerous or hazardous materials used at solar project sites. The land is only mildly disturbed, as continuous employment at the site is low (typically only one or two individuals). Traffic during operations is also very limited. Native grasses will be planted and maintained for dust mitigation.
+-What about property taxes?
We will be responsible for all property taxes covering the utilized land and take responsibility for any and all property taxes and increases associated with the solar facility.
+-Are there economic benefits for the community?
Yes! While the site is being constructed, over one hundred people will typically reside in or near the site, bringing valuable revenue to the community for housing, food, and other expenses. Then, once constructed, the property taxes we pay on the land provide valuable income local taxing authorities which might fund schools, hospitals, roads, and other valuable projects.
+-What if I have additional questions?
We’re happy to address any questions or concerns you have. Please contact us.