Solar Energy Opportunities

At least 20 solar projects are installed on capped landfills in the U.S., with many more planned for the future, according to the U.S. EPA’s Office of Land and Emergency Management. RACER Trust’s inventory of industrial properties includes nine that may potentially be suitable for reuse for large-scale solar project development and which are available for sale.

When you purchase a RACER Property, RACER may have already completed the cleanup of environmental media there. If necessary cleanup work is not yet completed, RACER will continue its remedial activities until cleanup is completed.  RACER’s goal for each cleanup of environmental media is to secure a No Further Action letter (or similar determination) based on non-residential standards from the lead environmental regulatory agency (i.e., either the US Environmental Protection Agency (USEPA) or the equivalent State agency) for each RACER Property, subject to the scope, terms, limitations and funding provided for through the Settlement Agreement.
In general:

RACER is responsible for:

  • The cost of addressing the legacy contamination of environmental media issues at each RACER property for which a budget for such remedial work is provided in the Settlement Agreement.
  • Achieving an end-point such that the RACER property is suitable for future industrial use, subject to whatever use restrictions may be required as part of the approved remedy for the property.

The purchaser is responsible for:

  • Compliance with applicable Federal and State environmental laws and regulations post-closing, including due care obligations.
  • Costs relating to management and disposal of regulated materials generated by the purchaser:
    • Inside and outside of buildings and other property improvements.
    • In connection with the purchaser’s development and underground construction activities.
  • Funding the incremental cost, if any, to achieve a more stringent cleanup to support a zoning change or change in land use.

RACER is permitted and encouraged to sell its properties before completing its cleanup activities at these properties. In these cases:

  • RACER will continue to be responsible for completing the required cleanup activities post-closing via access provided by an Environmental Easement Agreement and Restrictive Use Agreement.
  • RACER will reserve the right to record the land use restrictions required to secure the No Further Action Letter.
  • RACER will not transfer its funding or responsibility for completing cleanup activities required at RACER properties to a purchaser, lessee or third party.

In addition, several online resources provide data and research tools, as well as descriptions of various Federal and State incentives for solar energy providers.

Perhaps the most comprehensive of these resources is the Database of State Incentives for Renewables and Efficiency (DSIRE), an information clearinghouse operated and funded by the N.C. Solar Center at North Carolina State University. The website includes a glossary, links to numerous helpful third-party sources, and FAQs.

The following links will take you to various other solar energy resources, incentives and programs offered by the Federal and State governments and NGOs:

U.S. Department of Energy
U.S. EPA Reference Guide for Siting Projects
American Council on Renewable Energy
National Renewable Energy Laboratory
Solar Energy Industries Association

Illinois Clean Energy Community Foundation
Illinois Commerce Commission
Illinois Energy Office
Illinois Finance Authority (Energy)
Illinois State University Center for Renewable Energy
DSIRE Database-Illinois

Indiana Office of Energy Development
Indiana Utility Regulatory Commission
DSIRE Database-Indiana

Massachusetts Department of Energy and Environmental Affairs
Massachusetts Clean Energy Center
DSIRE Database-Massachusetts

Michigan Energy
Michigan Public Service Commission
DSIRE Database-Michigan

New York
New York Department of Environmental Conservation
New York State Energy Research & Development Authority
Public Service Commission
DSIRE Database-New York

Ohio Air Quality Development Authority
Ohio Development Services Agency
The Public Utilities Commission of Ohio
DSIRE Database-Ohio