Section 5-93-7 - [Effective 3/1/2025] Contents of the standard disclosure form for any solar agreement(a) The standard disclosure form shall include: (1) A statement of whether operations or maintenance services are included as part of the solar agreement;(2) If the solar retailer provides any written estimate of the savings the potential customer is projected to realize from the system based on similar installations that have the same geographic orientation in similar climates, the solar retailer must complete fields requiring entry of the following information: (i) The estimated projected savings over the life of the solar agreement; and(ii) An optional field for the estimated projected savings over any longer period not to exceed the anticipated useful life of the system; and(3) Fields to disclose material assumptions used to calculate estimated projected savings and the source of those assumptions, including:(i) If an annual electricity rate increase is assumed, the rate of the increase and the solar retailer's basis for the assumption of the rate increase;(ii) The potential customer's eligibility for or receipt of tax credits or other governmental or utility incentives;(iii) System production data, including production degradation;(iv) The system's eligibility for interconnection under any net metering or similar program, or lack thereof;(v) Electrical usage and the system's designed offset of the electrical usage;(vi) Historical utility costs paid by the potential customer;(vii) Any rate escalation affecting a payment between the potential customer and the solar retailer; and(viii) A field to indicate whether costs of replacing equipment were assumed. If such costs were assumed, the standard disclosure form shall require a field for listing the costs associated with replacing equipment making up part of the system applicable.(b) The standard disclosure form shall include the following disclosures and notices: (1) Two (2) separate statements in capital letters in close proximity to any written estimate of projected savings: (i) "THIS IS AN ESTIMATE. UTILITY RATES MAY GO UP OR DOWN AND ACTUAL SAVINGS, IF ANY, MAY VARY. HISTORICAL DATA ARE NOT NECESSARILY REPRESENTATIVE OF FUTURE RESULTS. FOR FURTHER INFORMATION REGARDING RATES, CONTACT YOUR LOCAL UTILITY OR THE STATE DIVISION OF PUBLIC UTILITIES AND CARRIERS"; AND(ii) "TAX AND OTHER FEDERAL, STATE, AND LOCAL INCENTIVES VARY AS TO REFUNDABILITY AND ARE SUBJECT TO CHANGE OR TERMINATION BY LEGISLATIVE OR REGULATORY ACTION, WHICH MAY IMPACT SAVINGS ESTIMATES. CONSULT A TAX PROFESSIONAL FOR MORE INFORMATION."(2) A notice that: "Legislative or regulatory action may affect or eliminate your ability to sell or get credit for any excess power generated by the system, and may affect the price or value of that power."(c) The standard disclosure form shall include fields requiring entry of the following information: (1) A statement describing the system and indicating the system design assumptions, including the make and model of the solar panels and inverters, system size, positioning of the panels on the customer's property, estimated first-year energy production, and estimated annual energy production degradation, including the overall percentage degradation over the term of the solar agreement or, at the solar retailer's option, over the estimated useful life of the system;(2) A description of any warranty, representation, or guarantee of energy production of the system; and(3) The approximate start and completion dates for the installation of the system.(d) The standard disclosure form shall require an indication of whether any warranty or maintenance obligations related to the system may be transferred by the solar retailer to a third party.(e) The standard disclosure form shall require the following disclosure: "If this form indicates that the warranty or maintenance obligation may be transferred, then be advised -- The maintenance and repair obligations under your contract may be assigned or transferred without your consent to a third party who will be bound to all the terms of the contract. If a transfer occurs, you will be notified of any change to the address, email address, or phone number to use for questions or payments or to request system maintenance or repair."(f) The standard disclosure form shall require an indication of whether the solar retailer will obtain customer approval to connect the system to the customer's utility. If indicated that the retailer will not obtain said approval, there shall be an additional field requiring a description of what the customer must do to interconnect the system to the utility.(g) The standard disclosure form shall require an indication of whether the solar retailer provides any warranties. If indicated that the retailer does provide warranties, there shall be an additional field requiring a description of any roof penetration warranty or other warranty that the solar retailer provides the customer.(h) The standard disclosure form shall require the solar retailer to indicate whether the solar retailer will make a fixture filing or other notice in the city or town real property records covering the system, including a notice of independently-owned solar energy system. If indicated that the retailer will make the fixture filing, there shall be an additional field requiring a description of any fees or other costs associated with the filing that may be charged to the customer.(i) The standard disclosure form shall include the following statement in capital letters that: "NO EMPLOYEE OR REPRESENTATIVE OF [NAME OF SOLAR RETAILER] IS AUTHORIZED TO MAKE ANY PROMISE TO YOU THAT IS NOT CONTAINED IN THIS DISCLOSURE FORM CONCERNING COST SAVINGS, TAX BENEFITS, OR GOVERNMENT OR UTILITY INCENTIVES. YOU SHOULD NOT RELY UPON ANY PROMISE OR ESTIMATE THAT IS NOT INCLUDED IN THIS DISCLOSURE FORM."(j) The standard disclosure form shall include the following statement in capital letters: "[NAME OF SOLAR RETAILER] IS NOT AFFILIATED WITH ANY UTILITY COMPANY OR GOVERNMENT AGENCY. NO EMPLOYEE OR REPRESENTATIVE OF [NAME OF SOLAR RETAILER] IS AUTHORIZED TO CLAIM AFFILIATION WITH A UTILITY COMPANY OR GOVERNMENT AGENCY."(k) The standard disclosure form shall include a statement that if the customer fails to make installment payments, the solar retailer may place liens for payment on their residence effective only after written notice is provided to the customer.(l) The office of energy resources may require any additional information and disclosures deemed necessary to inform and protect customers.(m) The written disclosure form requirement may be satisfied by the electronic mail delivery of the standard disclosure form to the potential customer as long as the required disclosures are displayed in a clear and conspicuous manner and the form is either attached or in a downloadable format.Added by 2024 Pub. Laws, ch. 67,§ 2, eff. 3/1/2025.Added by 2024 Pub. Laws, ch. 68,§ 2, eff. 3/1/2025.