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HI SB3049
Bill
Status
Introduced
1/27/2016
Primary Sponsor
Lorraine Inouye
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AI Summary
- Requires solar energy device financing, lease, or sale agreements to be signed, dated, in at least 10-point type, and include a three business day rescission period before installation
- Mandates agreements separately disclose total purchase price, interest, fees, payment terms, tax incentives, property tax assessments, and general excise tax obligations
- Requires disclosure of all maintenance and operation costs over the life of the device, warranty/maintenance transfer capabilities, and restrictions on modifications or ownership transfers with third-party contact information
- Mandates agreements estimate utility charges under projected scenarios ranging from 5% annual decrease to 5% annual increase, and include a separate acknowledgment that utility rates and tax incentives are subject to change
- Exempts transactions involving the sale or transfer of real property to which the solar energy device is or will be affixed
Legislative Description
Solar Energy Devices; Financing, Lease, or Sale Agreement; Requirements
Last Action
The committee on TRE deferred the measure.
2/17/2016
Committee Referrals
Transportation and Energy1/29/2016
Full Bill Text
No bill text available