NJ A2174

Sellers of single-family homes with solar panels must disclose in property condition statements or contracts the name and contact information of the installer and, if different, the business that owns the panels or holds any lease or power purchase agreement

If solar panels are leased or under a power purchase agreement, sellers must clearly state whether the lease or agreement is being transferred to the buyer or to the seller's new residence

When transferring a solar lease or power purchase agreement to a buyer, sellers must provide copies of all contractual documents that will become the new owner's obligations, including payment terms, warranties, net metering arrangements, and renewable energy certificate allocations

Sellers who misrepresent solar panel information are liable to buyers for actual damages or $1,000, whichever is greater, plus reasonable attorney's fees and court costs

Real estate licensees are protected from liability for disclosure information that sellers failed to provide to them