Utah Code § 13-52-203

Contents of disclosure statement for system purchase agreement
Open in Lexace · Ask the AI about this section
If a solar retailer is proposing to enter a system purchase agreement with a potential customer,
the disclosure statement required in Subsection 13-52-201(1) shall include:

(1) a statement with substantially the following form and content: "You are entering an agreement
to purchase an energy generation system. You will own the system installed on your property.
You may be entitled to federal tax credits because of the purchase. You should consult your tax
advisor.";
(2) the price quoted to the potential customer for a cash purchase of the system;
(3)
(a) the schedule of required and anticipated payments from the customer to the solar retailer
and third parties over the term of the system purchase agreement, including application
fees, up-front charges, down payment, scheduled payments under the system purchase
agreement, payments at the end of the term of the system purchase agreement, payments for
any operations or maintenance contract offered by or through the solar retailer in connection
with the system purchase agreement, and payments for replacement of system components
likely to require replacement before the end of the useful life of the system as a whole; and
(b) the total of all payments referred to in Subsection (3)(a);
(4) a statement indicating that the cost of insuring the system is not included within the schedule of
payments under Subsection (3);
(5) a statement, if applicable, with substantially the following form and content: "You are
responsible for obtaining insurance coverage for any loss or damage to the system. You should
consult an insurance professional to understand how to protect against the risk of loss or
damage to the system. You should also consult your home insurer about the potential impact of
installing a system."; and
(6) information about whether the system may be transferred to a purchaser of the home or real
property where the system is located and any conditions for a transfer.

‹ Prev All Utah 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.