We have a pipeline of over 2GW of projects in various stages of development, the first of which will commence operations before the end of 2020. We have experience in acquiring hundreds of thousands of acres for renewable energy projects and that allows us to work diligently on identifying the best land through local jurisdictions, permitting authorities, and landowner interest. Furthermore, Belltown’s farmer friendly development approach ensures that each of our projects will benefit the local area for generations to come.
A long-term, dependable revenue stream from lease payments. In many cases we have seen solar leases provide retirement income that allows for peace of mind and security. In some cases, we have even purchased property at a fair market value.
The ability to preserve land ownership for future generations as renewable energy projects create no permanent impact on your land, and projects can be easily decommissioned after their useful life.
The opportunity to generate higher returns per acre than alternative agricultural uses.
Is my land eligible?
Good site locations are evaluated on many criteria. First, a property must be in close proximity to the electric transmission grid. This would include electric substations or electric transmission lines. A site would also need to be relatively ﬂat, mostly located out of a ﬂood plain and predominantly cleared of heavily treed areas. Another factor we consider is access to the property via a well-constructed road. Belltown Power is looking for landowners with 50+ acres of land that demonstrates the criteria above.
Solar Development Process
Solar leases aren’t overly complicated. Belltown Power would become a tenant on your property. The beneﬁt for us is we can develop and construct a solar farm that produces clean, renewable energy that we sell to an end user. The beneﬁt to you is the rent you collect for the use of your land. Belltown Power covers all expenses associated with the installation, inspections, permitting, connection fees, metering costs and maintenance. In return, the landowner enters into a 25-year+ lease agreement with us. The lease may have an option to renew for speciﬁc periods. The systems are not dangerous to your land and will not impact the overall esthetics of your property.
If you are a landowner interested in leasing your land or partnering on a project with Belltown Power email us at email@example.com.
How long does the option period last and what am I required to do?
In most cases the option period is 2-3 years. This time is needed to allow Belltown Power to complete all required permitting, environmental and other transmission related studies. The property owner has control of the property during this timeframe and can continue to utilize the property as they see ﬁt. Belltown Power will need occasional access to the property to conduct some studies that are needed to fully develop the property.
What if I already have lease agreements for agriculture or hunting use?
Given the length of the option period and the time we need to fully get the site ready for construction we have been able to provide suﬃcient notice to landowners and current lessees allowing them the needed time to complete.
How am I paid for the lease?
The payments will all be addressed in the original option documents. We are open to diﬀerent structures, but typically an initial payment is paid to the landowner upon execution of the option agreement. The agreement will outline any option extensions and what payments the landowner will receive. Additionally, the agreement will address all future rent payments to be made during the construction and operation periods.
What access will the landowner have?
The land utilized for the solar farm will be fenced for security, liability and safety reasons. Once construction has started the landowner will not have access to the property unless coordinated with Belltown Power.
Are there negative impacts to the land?
Solar farms are very low-impact projects to the environment and land. Typically, access roads will be built on the property, but no hazardous materials are used in the construction of the solar project. Solar farms also produce no noise or air pollution. Once construction is completed there is limited traﬃc and activity needed on the site to maintain the operations. Solar farms are easy to decommission at the end of the lease and your property will be returned to its existing state.
What happens to my property taxes?
Belltown Power will typically assume all responsibility for any changes in taxation