Toby Road owner makes a move. What makes a property owner say “screw it” lets go solar versus erecting industrial buildings for tenants? Here are few things; the expensive permitting torture chamber towns put developers through, regulation, risk, thinner ROI’s, limited tenant demand.
Incentives to build community solar farms are presently very attractive; financing available, partnerships with utilities near and far, lock in ROI’s for years / decades, quicker cashflow, very attractive depreciate schedules….. and you still own the land.
One area landowner pulled plans from the permitting process for two large industrial buildings. I hear fingers tapping a calculator somewhere.