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Legends Solar – Buy operating solar panels on commercial solar farms

legends.solar

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Re: Legends Solar – Buy operating solar panels on commercial solar farms

#21

Post by martythemaniak »

spinaltap wrote: post #8

At the end of the day, it all comes down to ROI. If this had a good ROI, it probably already attracted enough investors without needing to create such a investment product. If not, then I might as well buy SP500.

Radio On Internet?

Joking aside, why would that be? They're creating an investment vehicle that pays 7% return subject to various conditions and taking some cut for themselves. You can't just assume that all investments are already fully sold on the market and no one can create new ones.

Re: Legends Solar – Buy operating solar panels on commercial solar farms

#22

Post by Vladimof »

ncmncm wrote: post #18

I thought this was going to be about solar panels installed synergistically on food farms, running more efficiently because of the lower temperature, and increasing farm yield by reducing heat and water stress on the plants. (Most plants can turn only a fixed maximum of photons into sugar, daily, easily exceeded in an hour or three of full sun, with exposure after just endured.) There is a clever form of this where t…

Why would you think that natural photosynthesis is worst then artificial one?

Re: Legends Solar – Buy operating solar panels on commercial solar farms

#23

Post by nonrandomstring »

yepnopemaybe wrote: post #5
tekno45 wrote: post #4

Earlier quoted context omitted.

Will you be financing future farms, or does this only include existing farms?

For the time being, we are working with either newly operational or existing solar farms. Once we have a community of investors, a lot of doors will open in terms of the kinds of financings we'll be able to accommodate. For the time being, we want to keep our investors our of construction risk and tell a super simple story through our design. More to come though.

It's a cool idea. I like it.

A product I'd jump at is if you pay me back in electron volts end-to-end, wherever I am. Is that feasible? Say I live in an apartment block. I really want to go solar, but have no roof or land. I'll pay you to erect and manage 1kW of panels out on the farm for me and I get back, say 750W (you skim 25%). But I get it through my utility company (it just comes off my bill).

Re: Legends Solar – Buy operating solar panels on commercial solar farms

#24

Post by tims33 »

Really like the idea that you're making a bet on the commercial return of these panels. Obviously, it doesn't have the advantage of something like Net Energy Meeting, but that is only available in a few places anyway.

To me, the most important thing would be assured that this investment truly creates new panel installations vs just being an arbitrage play on reselling existing solar capacity. Is there anything about this program that ensures the solar panels create net new capacity?

Re: Legends Solar – Buy operating solar panels on commercial solar farms

#25

Post by turtledove »

Vladimof wrote: post #22
ncmncm wrote: post #18

I thought this was going to be about solar panels installed synergistically on food farms, running more efficiently because of the lower temperature, and increasing farm yield by reducing heat and water stress on the plants. (Most plants can turn only a fixed maximum of photons into sugar, daily, easily exceeded in an hour or three of full sun, with exposure after just endured.) There is a clever form of this where t…

Why would you think that natural photosynthesis is worst then artificial one?

Because natural photosynthesis is more complex and is in service of growing a plant, so it only needs to run for a little part of the day. It also takes water and needs to be protected from pests, diseases, and herbivores.

But it also sequesters carbon, and if planted well can be entirely self sustaining.

So, neither is better, both are good. We need to plant more trees and place more solar panels.

Re: Legends Solar – Buy operating solar panels on commercial solar farms

#26

Post by foobiekr »

This is basically a variation on the SolarCity business model, but focusing on commercial properties. There is probably a business here, but not one that tries to recruit individual investors because it will only be profitable at scale, and the kind of financial backing needed to do this is available to qualified teams. The recruiting individuals thing is basically an admission that this team does not have access to that kind of backing.

A perusal of the LinkedIn profiles for the team shows a set of people with no relevant experience and probably no business running this kind of company. The low dollar amounts also emphasize this aspect.

Re: Legends Solar – Buy operating solar panels on commercial solar farms

#27

Post by ncmncm »

Vladimof wrote: post #22
ncmncm wrote: post #18

I thought this was going to be about solar panels installed synergistically on food farms, running more efficiently because of the lower temperature, and increasing farm yield by reducing heat and water stress on the plants. (Most plants can turn only a fixed maximum of photons into sugar, daily, easily exceeded in an hour or three of full sun, with exposure after just endured.) There is a clever form of this where t…

Why would you think that natural photosynthesis is worst then artificial one?

Who thinks that? But solar panels can convert north of 20% of incident light to usable power. The most efficient known plant chemistry can convert 4% of incident light to sugar, the principal constituent of cellulose. Most plants are at 2%. But of course we have needs for such output not satisfied by electric current.

Re: Legends Solar – Buy operating solar panels on commercial solar farms

#28

Post by dpifke »

maerF0x0 wrote: post #19
splitrocket wrote: post #13

The math here is pretty straightforward, however, it doesn't look like all of the components necessary to do the math are available. 1. How long do I "own a solar panel"? Indefinitely? 2. What is the wattage of the solar panel and where is it located? i.e. what wattage will it produce consistently YoY? What power market? 3. What percentage fees does Legends take? Frankly, #1 is the most important factor here by a lon…

gonna pile on here so it's easy for OP to answer. 4. What contracts are in place to maintain the panel, and lease the space? What happens if the building decides to discontinue service. Will the solar panel be delivered to me (at what fee?) will the solar panel be re-placed on top of another building? (at what fee?) 5. are the devices insured against common forms of damage? (wind, hail, acts of humankind) 6. Can we i…

7. Can I re-sell my "panels" (shares in the facility) at a later date if I want out?

Re: Legends Solar – Buy operating solar panels on commercial solar farms

#29

Post by yepnopemaybe »

maerF0x0 wrote: post #19
splitrocket wrote: post #13

The math here is pretty straightforward, however, it doesn't look like all of the components necessary to do the math are available. 1. How long do I "own a solar panel"? Indefinitely? 2. What is the wattage of the solar panel and where is it located? i.e. what wattage will it produce consistently YoY? What power market? 3. What percentage fees does Legends take? Frankly, #1 is the most important factor here by a lon…

gonna pile on here so it's easy for OP to answer. 4. What contracts are in place to maintain the panel, and lease the space? What happens if the building decides to discontinue service. Will the solar panel be delivered to me (at what fee?) will the solar panel be re-placed on top of another building? (at what fee?) 5. are the devices insured against common forms of damage? (wind, hail, acts of humankind) 6. Can we i…

These are all great questions - so far we've worked with accredited investors to place $100K+ solar facilities while we've built our product. They are basically beta testers while de get out design, software, payments integrations, etc going.

We answered those questions for accredited, for everyday retail investors it will depend on the solar facility we select and the financial structuring design.

Re: Legends Solar – Buy operating solar panels on commercial solar farms

#30

Post by yepnopemaybe »

dpifke wrote: post #28
maerF0x0 wrote: post #19

Earlier quoted context omitted.

gonna pile on here so it's easy for OP to answer. 4. What contracts are in place to maintain the panel, and lease the space? What happens if the building decides to discontinue service. Will the solar panel be delivered to me (at what fee?) will the solar panel be re-placed on top of another building? (at what fee?) 5. are the devices insured against common forms of damage? (wind, hail, acts of humankind) 6. Can we i…

7. Can I re-sell my "panels" (shares in the facility) at a later date if I want out?

We hope to eventually operate a secondary market where you could do this. Depends on a few regulatory factors we are still considering. Definitely a priority.
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