AN ACT RELATING TO BUSINESSES AND PROFESSIONS -- RESIDENTIAL SOLAR ENERGY DISCLOSURE AND HOMEOWNERS BILL OF RIGHTS ACT

This bill amends the Residential Solar Energy Disclosure and Homeowners Bill of Rights Act to clarify definitions and improve disclosure requirements for solar energy agreements. It directly affects homeowners and solar retailers by updating standard forms used for lease and purchase agreements to include clearer details about costs, payment schedules, and customer responsibilities. The bill introduces a specific provision for catastrophic loss, allowing customers to temporarily suspend lease payments if their property becomes uninhabitable, though it does not cancel the remaining payments. Additionally, the legislation requires more transparent information on insurance responsibilities and potential federal tax credits in purchase agreements.