Nevada Code § 598.9809

Agreement for lease of distributed generation system: Cover page
Open in Lexace · Ask the AI about this section
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.

‹ Prev All Nevada sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.