OPPORTUNITY ZONE

Option for Solar Lease, Structured to Minimize a Developer’s Costs

RACER Trust has a selection of industrial properties that are ideally suited for large-scale solar project development and available for long-term lease at minimal up-front costs.

RACER is offering solar lease options with flexible terms designed to minimize a developer’s financial risk while proving out a proposed project. A developer can secure site control for a nominal cost, and can customize the order and timing of option conditions, such as:

• RFP
• Power Purchase Agreement
• Community solar program
• Off-taker agreement
• Interconnection agreement
• Net metering agreement
• Incentives
• Financing

Lease and royalty payments start after construction completion and commencement of commercial operation.

By leasing from RACER, a developer will have:

• Close proximity to node and access to transmission capacity
• Flexible timing and certainty of control
• Competitive lease terms
• Environmental liability protections

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.

Transaction documents

Model Term Sheet
Model Option to Lease/Lease Agreement/Option to Purchase/Purchase and Sale Agreement

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

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

Michigan
Michigan Energy
Michigan Public Service Commission
DSIRE Database-Michigan

Indiana
Solarize Indiana
Indiana Utility Regulatory Commission
SEIA – Indiana Solar
DSIRE Database - Indiana

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

New York
NYS Dept. of Public Service (PSC)
NYSERDA
Commercial Solar Incentives & Financing
DSIRE Database – New York