Section 5-93-2 - [Effective 3/1/2025] DefinitionsAs used in this chapter:
(1) "Customer" means a person who, for primarily personal, family, or household purposes: (i) Purchases a residential solar energy system under a system purchase agreement;(ii) Leases a residential solar energy system under a system lease agreement; or(iii) Purchases electricity under a power purchase agreement.(2) "Department" means the department of business regulation.(3) "Lease" means to transfer the right to possession and use of a residential solar energy system for a term to a customer on behalf of a solar retailer in return for monetary payment or consideration.(4) "Power purchase agreement" means an agreement: (i) Between a customer and a solar retailer;(ii) For the customer's purchase of electricity generated by a residential solar energy system owned by the solar retailer; and(iii) That provides for the customer to make payments over a term of at least five (5) years.(5) "Residential solar energy system" means a solar energy system that:(i) Is installed in the state;(ii) Generates electricity primarily for on-site consumption for personal, family, or household purposes;(iii) Is situated on no more than four (4) units of residential real property;(iv) Has an electricity delivery capacity that exceeds one kilowatt; and(v) Does not include a generator that: (A) Produces electricity; and(B) Is intended for occasional use.(6) "Solar agreement" means a system purchase agreement, a system lease agreement, or a power purchase agreement.(7) "Solar energy system" means a system or configuration of solar energy devices that collects and uses solar energy to generate electricity.(8) "Solar retailer" means a person who: (i) Sells or proposes to sell a residential solar energy system to a customer under a system purchase agreement;(ii) Owns the residential solar energy system that is the subject of a system lease agreement or proposed system lease agreement; or(iii) Sells or proposes to sell electricity to a customer under a power purchase agreement.(9) "System lease agreement" means an agreement: (i) Under which a customer leases a residential solar energy system from a solar retailer; and(ii) That provides for the customer to make payments over a term of at least five (5) years for the lease of the residential solar energy system.(10) "System purchase agreement" means an agreement under which a customer purchases a residential solar energy system from a solar retailer.(11) "Solicit" means offering or attempting to sell or lease a residential solar energy system to a person or requesting, urging, or attempting to persuade a person to purchase, lease or apply for a particular kind of solar system from a particular solar retailer.(12) "Sell" means to transfer a residential solar energy system to a customer on behalf of a solar retailer in return for monetary payment or other consideration.Added by 2024 Pub. Laws, ch. 67,§ 2, eff. 3/1/2025.Added by 2024 Pub. Laws, ch. 68,§ 2, eff. 3/1/2025.