Bill > A4522

This bill requires certain disclosures by sellers of single-family homes with solar panels installed. Specifically, it mandates that the seller's property disclosure statement or contract include the name and contact information of the business that installed the solar panels, as well as the business that owns the panels or is involved in any power purchase agreement or lease. If the solar panels are leased or subject to a power purchase agreement, the seller must clearly indicate whether the lease or agreement is being transferred to the new owner. The bill also imposes penalties on sellers who misrepresent or make false claims about the solar panel installation. Additionally, the New Jersey Real Estate Commission and the Clean Energy Program are required to inform consumers about the bill's requirements and related penalties.

Business and Industry, Housing and Urban Affairs

https://www.njleg.state.nj.us/bill-search/2022/A4522