NRS 598.9809 Agreement for lease of distributed generation system: Cover page.
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NRS 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 or 10 business days, as applicable, after the execution of the agreement, as provided in NRS 598.98216 .
(b)An electronic mail address to which a notice of rescission or cancellation may be sent pursuant to NRS 598.98216 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 NRS 598.982144 .
(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.
(e)The length of the term of the lease.
(f)A description of the consequences if the lessee dies during the term of the lease.
(g)A statement indicating that certain financial covenants and restrictions for distributed generation systems affixed to a property may have an impact or effect on the future sale or transferability of the property and that it is recommended that the lessee seek the advice of a real estate professional, attorney or financial adviser before entering into the lease.
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)A description of any warranties.
(e)The rate of any payment increases.
(f)The identification of any state or federal tax incentives that are included in calculating the amount of the monthly payments due under the lease.
(g)The estimated production of the distributed generation system in the first year of operation.
(h)A description of the terms for renewal or any other options available at the end of the term of the lease.
(i)A description of any option to purchase the distributed generation system before the end of the term of the lease.
(j)Notice of the existence of the Recovery Fund administered by the State Contractors’ Board pursuant to NRS 624.470 .
(k)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.
(l)Notice that a host customer may file a complaint with the Public Utilities Commission of Nevada.
(m)Contact information for the State Contractors’ Board and the Public Utilities Commission of Nevada, including, without limitation, a telephone number.
(n)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.
(o)If the solar installation company paid any amount for a lead or referral that resulted in the lease being provided to the lessee, the amount paid for the lead or referral.
(p)If the solar installation company included any material term of a lease in any written or electronic marketing materials provided to the lessee before or contemporaneously with the lease, notice that the material term used in the marketing materials is the same as the corresponding term included in the lease.
(q)The following disclosures:
(1)Whether the solar installation company:
(I)Maintains a physical office in this State at which employees, as defined in subsection 6 of NRS 624.020 , of the solar installation company conduct business; and
(II)Has at least one motor vehicle registered in this State;
(2)Whether the solar installation company is in compliance with all applicable federal, state and local laws and regulations; and
(3)Whether the person who initially presented the lessee with the lease agreement is an employee, as defined in subsection 6 of NRS 624.020 , of the solar installation company.