Tax incentives for farmers keen on renewables
The last two years have seen increased interest in solar and wind farm companies looking to enter into option agreements to acquire land to potentially erect solar panels or wind turbines. Declan McEvoy, Head of Tax at IFAC, clarifies the tax incentives for farmers interested in renewables. The typical contract that a solar/wind farm company is looking to enter into with the landowner is broken down as follows: 1. Option…