Nevada Code § 598.9818

Power purchase agreement: Disclosure
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1. A power purchase agreement for the sale
of output of a distributed generation system must include a disclosure that is
not more than 3 pages in length and is in at least 10-point font.
2. The disclosure described in subsection
1 must be separate from the cover page and agreement described in NRS 598.9816 and 598.9817 .
3. The disclosure described in subsection
1 must include, without limitation:
(a) The name, mailing address, telephone number
and electronic mail address of the solar installation company;
(b) The name, mailing address, telephone number,
electronic mail address and number of the contractors license of the person
who installed the distributed generation system, if different from the solar
installation company;
(c) The name, mailing address, telephone number,
electronic mail address and the number of the contractors license of the
person responsible for all maintenance of the distributed generation system if
different from the solar installation company;
(d) The payment schedule for the distributed
generation system, including, without limitation, any payments that are due, if
applicable, at:
(1) Signing for the distributed generation
system;
(2) Commencement of installation of the
distributed generation system; and
(3) Completion of installation of the
distributed generation system;
(e) A description of any one-time or recurring
fees, including, without limitation, a description of the circumstances that
trigger:
(1) Any late fees;
(2) Estimated fees for the removal of the
distributed generation system;
(3) Fees for a notice of removal and
refiling pursuant to the Uniform Commercial Code;
(4) Fees for connecting to the Internet;
and
(5) Fees for not enrolling in a program in
which payments are made through an electronic transfer of money cleared through
an automated clearinghouse;
(f) A statement that describes when payments are
due;
(g) The rate of any payment increases and the
date on which the first increase in the rate may occur, if applicable;
(h) Assumptions concerning the design of the
distributed generation system, including, without limitation:
(1) The size of the distributed generation
system;
(2) The estimated amount of production for
the distributed generation system in the first year of operation;
(3) The estimated annual degradation to
the distributed generation system; and
(4) As specified by the agreement at the
time of installation, whether or not an electric utility must credit a customer
of the electric utility for any excess energy that is generated by the
distributed generation system;
(i) A disclosure notifying the purchaser of the
intent of the owner of the distributed generation system to file a fixture
filing, as defined in NRS 104A.2309 ,
on the distributed generation system;
(j) A disclosure notifying the purchaser if
maintenance and repairs of the distributed generation system are included in
the agreement;
(k) A disclosure describing any warranty for the
repair of any damage to the roof of the property owned by the purchaser in
connection with the installation or removal of the distributed generation
system;
(l) A disclosure describing the transferability
of the distributed generation system in connection with the purchaser selling
his or her property;
(m) A description of any guarantees of the
performance of the distributed generation system;
(n) A description of the basis for any estimates
of savings that were provided to the purchaser, if applicable; and
(o) A disclosure concerning the retention of any
portfolio energy credits, if applicable.

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