Own It: Develop and Lease Land with Solar Panels in GA
An owner is a solar developer who owns solar panels and develops a solar facility, leasing land or roof space from a host.
Are you interested in generating clean energy and good returns? Participating in a utility solar program may be the right choice for you. Bright Spaces offers development services for the utility solar energy program, such as Georgia Power or TVA, of your choice.
Here’s an overview of what we can do for you as an owner, as well as Frequently Asked Questions.
Own It Frequently Asked Questions
For New Solar Developers
Q: How do I know if investing in solar is right for me?
A: Based on your budget and tax appetite, Bright Spaces will right-size a proposed project that meets your goals and generate a 20-year pro forma showing an ROI so you can determine if investing in solar is right for you.
Q: What’s the next step if I’m interested in solar?
A: If you don’t already have space (land or roof) located in a utility service area, Bright Spaces will either match you with one of our secure, pre-qualified host sites or find one that meets your needs.
Q: How do I apply for the utility program?
A: Bright Spaces will walk you through the application process and provide the technical materials required for a complete and valid application.
Q: What are the chances of obtaining a PPA?
A: Based on previous years, there is very strong demand for these programs. If capacity limits are filled, which is very likely again this year, winning applicants will be chosen by lottery.
Q: If I obtain a PPA, what happens next?
A: Under normal circumstances, you have six months for your project to be placed in service. Bright Spaces provides full turnkey development and EPC services and can ensure your project is on budget and on time.
For Existing Solar Developers
Q: What are the features of a Bright Spaces secure host site?
A: Bright Spaces pre-qualifies host sites for low development cost and high returns. Ideal attributes include locations with reasonable interconnection costs, flat and clear land, low property taxes, ease of permitting and realistic lease terms.
Q: Does Bright Spaces develop its own projects?
A: Yes, however, Bright Spaces does not intend to own developed projects long term.
Q: How do I engage with Bright Spaces prior to application?
A: If you desire to secure a Bright Spaces host site and apply for the utility program in your name, fee-for-service or joint development arrangements are available on a case by case basis.
Q: Does Bright Spaces provide EPC services?
A: Yes, Bright Spaces provides full turnkey EPC services with three NABCEP-certified installers on staff. However, being your EPC contractor is not required to participate in the Bright Spaces program.
Q: Who retains RECs?
A: If RECs are available through the utility program, REC ownership is negotiable between Owner and Host. Offering RECs to hosts as a sweetener can help keep lease rates low while achieving host environmental objectives.
Q: Are host site lease terms negotiable?
A: If your engagement with us is pre-PPA, you are in a stronger position to negotiate lease terms to your liking. That said, Bright Spaces understands the limitations of these utility programs and sets realistic expectations with host sites in advance.
Q: How can I be sure a Bright Spaces secured host site is right for my solar project?
A: The Bright Spaces team consists of renewable energy and legal professionals with experience developing and constructing solar projects. We conduct extensive technical and legal due diligence in advance to reduce development risk and set realistic expectations for host sites.