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HB 256: DISTRIBUTED ENERGY GENERATION SYSTEM SALE

An Act Relating To Trade Practices; Enacting A New Section Of Chapter 57 Nmsa 1978 To Provide For The Lease Or Sale Of A Distributed Energy Generation System; Providing For Disclosures In Agreements; Providing For An Exception.

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MILD HB 256
DISTRIBUTED ENERGY GENERATION SYSTEM SALE

Legislative URL:
HB 256 on nmlegis.gov
Emergency Clause:
No
Germane:
N/A
Location:
HEENC
Action:
[3] not prntd-HRC [6] w/drn-prntd-ref- HEENC/HJC-HEENC
Hearing:
Wednesday, February 10, 2016 - 8:30 a.m. - Room 309
Issue(s):

Related Legislators

Bill Sponsor:

Related Documents

Downloads:
Introduced
Fiscal Impact Report

Related Events

Upcoming:
Summary

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.