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NV SB379

NV SB379
Revises provisions relating to commerce. (BDR 55-336)


summary

Introduced
03/17/2025
In Committee
05/22/2025
Crossed Over
04/28/2025
Passed
06/06/2025
Dead
Signed/Enacted/Adopted
06/06/2025

Introduced Session

Potential new amendment
83rd Legislature (2025)

Bill Summary

AN ACT relating to commerce; imposing various requirements upon a distributed generation system financier who finances the purchase of or leases a distributed generation system or contracts for a power purchase agreement; revising requirements for solar installation companies that sell and install distributed generation systems; imposing certain requirements and restrictions upon persons who generate leads or referrals to perform work concerning a distributed generation system; establishing and revising certain requirements for the contents of an agreement for the provision of a distributed generation system loan, an agreement for the purchase or lease of a distributed generation system and a power purchase agreement; and providing other matters properly relating thereto.

AI Summary

This bill proposes comprehensive regulations for distributed generation systems (typically solar installations) in Nevada, focusing on protecting consumers and establishing clear standards for solar installation companies, financiers, and lead generators. The bill imposes various requirements on distributed generation system financiers, including prohibiting deceptive practices, limiting fees, and mandating specific disclosures in agreements. Key provisions include requiring financiers to verify a solar installation company's proper licensing, restricting payment to installation companies until the system is operational or grid-connected, and establishing consumer protections such as the right to rescind agreements within 3-10 business days depending on the customer's age. The bill also introduces stricter rules for lead generators, requiring them to collect only basic customer information and prohibiting them from advertising through electronic media. Additionally, the legislation mandates detailed disclosures about system performance, warranties, potential financial impacts, and transfer options in all agreements. Violations of these provisions are classified as deceptive trade practices and consumer fraud, with the goal of preventing misleading sales tactics and ensuring transparency in the distributed generation system market.

Committee Categories

Business and Industry

Sponsors (8)

Last Action

Chapter 338. (Effective October 1, 2025) (on 06/06/2025)

bill text


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