Section 598.9809 - Agreement for lease of distributed generation system: Cover page An agreement for the lease of a distributed generation system must include a cover page that :
1. Prominently displays the following information at the top of the cover page in at least 16-point font: (a) Notice of the right to rescind or cancel the agreement, without any penalty or obligation, within 3 business days after the execution of the agreement, as provided in section 3 of this act.(b) An electronic mail address to which a notice of rescission or cancellation may be sent pursuant to section 3 of this act and notice that the lessee may send such a notice to that electronic mail address.(c) Notice of the requirement to make and maintain a recording pursuant to section 2 of this act.(d) Notice that, before the installation of the distributed generation system, the lessee will have the opportunity to confirm that no representations, offers or promises were made at any time concerning the lease of the distributed generation system other than what is contained in the agreement.2. Provides the following information in at least 10-point font:(a) The amounts due at the signing for and at the completion of the installation or any inspection of the distributed generation system.(b) An estimated timeline for the installation of the distributed generation system.(c) The estimated amount of the monthly payments due under the lease in the first year of operation of the distributed generation system.(d) The length of the term of the lease.(e) A description of any warranties.(f) The rate of any payment increases.(g) The identification of any state or federal tax incentives that are included in calculating the amount of the monthly payments due under the lease.(h) The estimated production of the distributed generation system in the first year of operation and an explanation that:
(1) The lessee will always receive a power bill if the premises of the lessee are connected to the power grid;(2) The estimated production or offset is based on available data on prior consumption; and(3) Any change in consumption by the lessee will impact the estimated offset, or savings, in relation to the production.(i) A description of the terms for renewal or any other options available at the end of the term of the lease.(j) A description of any option to purchase the distributed generation system before the end of the term of the lease.(k) Notice of the existence of the Recovery Fund administered by the State Contractors' Board pursuant to NRS 624.470.(l) Notice that a person financially damaged by a licensed contractor who performs work on a residence may be eligible to recover certain financial damages from the Recovery Fund.(m) Notice that a host customer may file a complaint with the Public Utilities Commission of Nevada.(n) Contact information for the State Contractors' Board and the Public Utilities Commission of Nevada, including, without limitation, a telephone number.(o) Notice that the lessee, before the execution of the agreement, may request any document used in the solicitation, offer or transaction for the agreement in any language.Added to NRS by 2017, 4268Amended by 2023, Ch. 193,§6, eff. 1/1/2024.Added by 2017, Ch. 589,§9, eff. 9/1/2017.