1. Before or after an agreement for the lease or purchase of a distributed generation system or a power purchase agreement has been executed, the solar installation company shall perform an on-site physical survey of the premises at which the distributed generation system will be installed and provide the results of the physical survey to the lessee, purchaser or host customer. 2. Except as otherwise provided in subsection 3, if the results of the physical survey performed pursuant to subsection 1 after an agreement for the lease or purchase of a distributed generation system or power purchase agreement has been executed reveal any condition that would necessitate the alteration of the provisions of the agreement to increase the price of the distributed generation system or change the type of equipment used for the distributed generation system, the lessee, purchaser or host customer may, within 3 business days after the receipt of the results of the on-site physical survey, rescind: (a) The agreement for the lease or purchase of the distributed generation system or the power purchase agreement, as applicable; and (b) For a purchaser who has entered into an agreement for the provision of a distributed generation system loan for the purchase of the distributed generation system, the agreement for the provision of the distributed generation system loan. 3. The provisions of subsection 2 do not apply to a substitution of any equipment used for the distributed generation system if: (a) The substituted equipment is of equal or superior quality to that of the equipment being substituted; (b) The substitution does not require the lessee, purchaser or host customer to incur any additional costs as a result of the substitution; and (c) The substitution does not cause the estimated amount of production in the first year of operation to be reduced by more than 5 percent.
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