§ 5-93-2. Definitions. [Effective March 1, 2025.]
As used in this chapter:
(1) “Customer” means a person who, for primarily personal, family, or household purposes:
(i) Purchases a residential solar energy system under a system purchase agreement;
(ii) Leases a residential solar energy system under a system lease agreement; or
(iii) Purchases electricity under a power purchase agreement.
(2) “Department” means the department of business regulation.
(3) “Lease” means to transfer the right to possession and use of a residential solar energy system for a term to a customer on behalf of a solar retailer in return for monetary payment or consideration.
(4) “Power purchase agreement” means an agreement:
(i) Between a customer and a solar retailer;
(ii) For the customer’s purchase of electricity generated by a residential solar energy system owned by the solar retailer; and
(iii) That provides for the customer to make payments over a term of at least five (5) years.
(5) “Residential solar energy system” means a solar energy system that:
(i) Is installed in the state;
(ii) Generates electricity primarily for on-site consumption for personal, family, or household purposes;
(iii) Is situated on no more than four (4) units of residential real property;
(iv) Has an electricity delivery capacity that exceeds one kilowatt; and
(v) Does not include a generator that:
(A) Produces electricity; and
(B) Is intended for occasional use.
(6) “Sell” means to transfer a residential solar energy system to a customer on behalf of a solar retailer in return for monetary payment or other consideration.
(7) “Solar agreement” means a system purchase agreement, a system lease agreement, or a power purchase agreement.
(8) “Solar energy system” means a system or configuration of solar energy devices that collects and uses solar energy to generate electricity.
(9) “Solar retailer” means a person who:
(i) Sells or proposes to sell a residential solar energy system to a customer under a system purchase agreement;
(ii) Owns the residential solar energy system that is the subject of a system lease agreement or proposed system lease agreement; or
(iii) Sells or proposes to sell electricity to a customer under a power purchase agreement.
(10) “Solicit” means offering or attempting to sell or lease a residential solar energy system to a person or requesting, urging, or attempting to persuade a person to purchase, lease, or apply for a particular kind of solar system from a particular solar retailer.
(11) “System lease agreement” means an agreement:
(i) Under which a customer leases a residential solar energy system from a solar retailer; and
(ii) That provides for the customer to make payments over a term of at least five (5) years for the lease of the residential solar energy system.
(12) “System purchase agreement” means an agreement under which a customer purchases a residential solar energy system from a solar retailer.
History of Section.
P.L. 2024, ch. 67, § 2, effective March 1, 2025; P.L. 2024, ch. 68, § 2, effective
March 1, 2025.