DISTRIBUTED ENERGY GENERATION SYSTEM SALE
- Legislative URL:
- HB 256 on nmlegis.gov
- Emergency Clause:
-  not prntd-HRC  w/drn-prntd-ref- HEENC/HJC-HEENC
- Wednesday, February 10, 2016 - 8:30 a.m. - Room 309
- Bill Sponsor:
- Andy Nunez
This bill requires extensive disclosures in any agreement for the financing, sale or lease of a distributed energy generation system to any person or political subdivision of the state, except when the sale is part of a real estate sale or transfer.
A “distributed energy generation system” is a device or system that is used to generate or store electricity and that has a capacity, singly or in connection with other similar devices or systems, greater than one kilowatt that is primarily for on-site consumption. It does not include an electric generator that is intended for occasional use.
One example of a distributed energy generation system would be a residential solar electric installation.
A possible benefit of this bill is enhanced consumer protection through more thorough disclosure of the costs, benefits and other consequences of installing such a system. A concern might be the potential lack of any such disclosure when the sale is part of a real estate sale or transfer. Another concern might be the creation of an additional red-tape burden on firms marketing and installing solar and other alternative energy systems.