DISTRIBUTED GENERATION WRITTEN STATEMENT

SB 233 requires sellers of residential solar and small-scale energy systems to provide buyers with a detailed written statement covering key financial terms, system performance, and tax obligations. This statement must include specific disclosures like projected energy output, all fees (including maintenance and removal costs), tax incentives used, and assumptions behind savings estimates. Failure to provide this written disclosure would be classified as an unfair or deceptive trade practice under New Mexico law. The bill directly affects consumers purchasing these systems and the companies selling them, aiming to increase transparency in transactions.