Mechanic’s Lien Rights on Wind & Solar Farms
It takes multiple contractors, subcontractors & material suppliers to successfully build one energy farm: unfortunately this also means there are multiple opportunities for payment issues. Special fabrication, change orders, construction defects, and the simple low liquidity of a company, are common factors contributing to non-payment on projects of these sizes. Since 2012 nearly 100 solar companies have closed their doors due to insolvency or bankruptcy, according to Green Tech Media. Although solar farms are growing in popularity, the flow of payment on these projects is slow. Download this paper to learn how proactively securing mechanic’s lien and bond claim rights, will help protect your company in the event of non-payment.