Nevada § 598.9812 - Agreement for lease of distributed generation system: Disclosure

§ 598.9812. Agreement for lease of distributed generation system: Disclosure

1. An agreement for the lease of a distributed generation system must include a disclosure

that is not more than 3 pages in length and is in at least 10-point font. 2. The disclosure described in subsection 1 must be separate from the cover page and

agreement described in NRS 598.9809 and 598.9811 . 3. The disclosure described in subsection 1 must include, without limitation: (a) The name, mailing address, telephone number and electronic mail address of the

lessor; (b) The name, mailing address, telephone number, electronic mail address and number

of the contractor's license of the person who installed the distributed generation

system, if different from the solar installation company; (c) The name, mailing address, telephone number, electronic mail address and the number

of the contractor's license of the person responsible for all maintenance of the distributed

generation system, if different from the solar installation company; (d) The length of the term of the lease; (e) The amount of the monthly payments due under the lease in the first year of operation; (f) The amounts due at the signing for and at the completion of the installation of

the distributed generation system; (g) The estimated amount of the total payments due under the lease, including, without

limitation, any incentives that are included in the estimated lease payments; (h) A description of any one-time or recurring fees, including, without limitation,

a description of the circumstances that trigger: (1) Any late fees; (2) Estimated fees for the removal of the distributed generation system; (3) Fees for a notice of removal and refiling pursuant to the Uniform Commercial Code; (4) Fees for connecting to the Internet; and (5) Fees for not enrolling in a program in which payments are made through an electronic

transfer of money cleared through an automated clearinghouse; (i) The total number of payments to be made under the lease; (j) The due date of any payment and the manner in which the consumer will receive

an invoice for such payments; (k) The rate of any payment increases and the date on which the first increase in

the rate may occur, if applicable; (l) Assumptions concerning the design of the distributed generation system, including,

without limitation: (1) The size of the distributed generation system; (2) The estimated amount of production for the distributed generation system in the

first year of operation; (3) The estimated annual degradation to the distributed generation system; and (4) As specified by the lease at the time of installation, whether or not an electric

utility must credit a customer of the electric utility for any excess energy that

is generated by the distributed generation system; (m) A disclosure notifying the lessee of the intent of the lessor to file a fixture

filing, as defined in NRS 104A.2309 , on the distributed generation system; (n) A disclosure notifying the lessee if maintenance and repairs of the distributed

generation system are included in the lease; (o) A disclosure describing any warranty for the repair of any damage to the roof

of the property owned by the lessee in connection with the installation or removal

of the distributed generation system; (p) A disclosure describing: (1) The transferability of the lease; and (2) Any conditions on transferring the lease in connection with the lessee selling

his or her property; (q) A description of any guarantees of the performance of the distributed generation

system; (r) A description of the basis for any estimates of savings that were provided to

the lessee, if applicable; and (s) A disclosure concerning the retention of any portfolio energy credits, if applicable.