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Section 204 - Contents of disclosure statement for system lease agreement.

UT Code § 13-52-204 (2019) (N/A)
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(1) a statement with substantially the following form and content: "You are entering an agreement to lease an energy generation system. You will lease (not own) the system installed on your property. You will not be entitled to any federal tax credit associated with the lease.";

(2) information about whether the system lease agreement may be transferred to a purchaser of the home or real property where the system is located and, if so, any conditions for a transfer;

(3) if the solar retailer will not obtain insurance against damage or loss to the system, a statement to that effect and a description of the consequences to the customer if there is damage or loss to the system; and

(4) information about what will happen to the system at the end of the term of the system lease agreement.

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