Nevada Code § 598.9816

Power purchase agreement: Cover page
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A
power purchase agreement for the sale of the output 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 host
customer may send such a notice to that electronic mail address.
(c) Notice of the requirement to make and
maintain a recording pursuant to NRS
598.98213 .
(d) Notice that, before the installation of the
distributed generation system, the host customer will have the opportunity to
confirm that no representations, offers or promises were made at any time
concerning the sale of the output of the distributed generation system other
than what is contained in the agreement.
(e) The length of the term of the agreement.
(f) A description of the consequences if the host
customer dies during the term of the agreement.
(g) A statement indicating that certain financial
covenants and restrictions for a distributed generation system 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 host customer seek the advice
of a real estate professional, attorney or financial adviser before entering
into the agreement.
2. Provides the following information in
at least 10-point font:
(a) The rate of any increase in the payments to
be made during the term of the agreement and, if applicable, the date of the
first such increase.
(b) An estimated timeline for the installation of
the distributed generation system.
(c) The rate of electricity per kilowatt-hour of
electricity for the first year of the agreement.
(d) The amounts due at the signing for and at the
completion of the installation or any inspection of the distributed generation
system.
(e) The estimated production of the distributed
generation system in the first year of operation and an explanation that:
(1) The host customer will always receive
a power bill if the premises of the host customer 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 host
customer will impact the estimated offset, or savings, in relation to the
production.
(f) A description of the options available at the
end of the term of the agreement.
(g) A description of any option to purchase the
distributed generation system before the end of the term of the agreement.
(h) Notice of the existence of the Recovery Fund
administered by the State Contractors Board pursuant to NRS 624.470 .
(i) 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.
(j) Notice that a host customer may file a
complaint with the Public Utilities Commission of Nevada.
(k) Contact information for the State
Contractors Board and the Public Utilities Commission of Nevada, including,
without limitation, a telephone number.
(l) Notice that the host customer, before
execution of the agreement, may request any document used in the solicitation,
offer or transaction for the power purchase agreement in any language.
(m) If the solar installation company paid any
amount for a lead or referral that resulted in the power purchase agreement
being provided to the host customer, the amount paid for the lead or referral.
(n) If the solar installation company included
any material term of a power purchase agreement in any written or electronic
marketing materials provided to the host customer before or contemporaneously
with the agreement, notice that the material term used in the marketing
materials is the same as the corresponding term included in the agreement.
(o) 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 host customer with the power purchase agreement is an employee, as
defined in subsection 6 of NRS 624.020 ,
of the solar installation company.

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