Bill Text: NJ A4522 | 2022-2023 | Regular Session | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Requires certain disclosures by sellers of single-family homes with solar panels installed.

Spectrum: Moderate Partisan Bill (Democrat 5-1)

Status: (Passed) 2024-01-16 - Approved P.L.2023, c.312. [A4522 Detail]

Download: New_Jersey-2022-A4522-Introduced.html

ASSEMBLY, No. 4522

STATE OF NEW JERSEY

220th LEGISLATURE

 

INTRODUCED SEPTEMBER 22, 2022

 


 

Sponsored by:

Assemblyman  WILLIAM F. MOEN, JR.

District 5 (Camden and Gloucester)

 

 

 

 

SYNOPSIS

     Requires certain disclosures when single-family homes with solar panels installed are sold.

 

CURRENT VERSION OF TEXT

     As introduced.

  


An Act concerning the disclosure of information on solar panel installation and supplementing P.L.1995, c.360 (C.25:1-10 et seq.).

 

     Be It Enacted by the Senate and General Assembly of the State of New Jersey:

 

     1.  a.  A contract, or a rider or addendum to a contract, for the sale of a single-family home with solar panels installed in any location on the home or property that is part of the contract shall include the name and contact information of the business that installed the solar panels purchased by the owner selling the single-family home.

     b.  (1)  If solar panels installed on a single-family home or its property are leased, a contract, or a rider or addendum to a contract, for the sale of the home shall contain clear and precise language regarding if the owner selling the single-family home is transferring the lease of the panels to a new residence or to the buyer of the single-family home contracted for sale.

     (2)  If a lease of solar panels is transferred to the buyer of the single-family home, the name and contact information of the business that installed the solar panels shall be included in the contract for sale, or a rider or addendum to the contract for sale.

 

     2.    Any owner of a single-family home who is a party to a contract for the sale of the home pursuant to section 1 of this act who misrepresents or makes false claims regarding the business that installed the solar panels purchased by the owner or leased by the owner who then transfers the lease to the buyer of the single-family home shall, in addition to any other penalty provided by law, be liable to a penalty of up to $1,000. 

    

     3.    The New Jersey Real Estate Commission ("commission") in the New Jersey Department of Banking and Insurance shall, in conjunction with the Clean Energy Program ("program") in the New Jersey Board of Public Utilities, develop and undertake a public education program to inform consumers of this act. A component of the program shall include the posting on the Internet websites of the commission and the program information about the requirements of this act and related penalties for noncompliance. 

    

     4.    This act shall take effect immediately and apply to single-family homes with solar panels installed on or after the date of enactment but shall remain inoperative until the commission posts on its Internet website the information required pursuant to section 3 of this act.

STATEMENT

 

     This bill requires that any contract, or rider or addendum to a contract, for sale of a single-family home with solar panels purchased by the owner installed on the home or its property is to include the name and contact information of the business that installed the solar panels. If solar panels installed on a single-family home or its property are leased, a contract, or rider or addendum to a contract, for the sale of the home is to contain clear and precise language regarding if the owner selling the home is transferring the lease of the panels to a new residence or to the buyer of the home contracted for sale. If a lease is transferred to the buyer of the home, the name and contact information of the business that installed the solar panels are to be included in the contract for sale, or a rider or addendum to the contract. Misrepresentation or false claims made by an owner of a single-family home who is a party to a contract for the sale of the home regarding the business that installed the solar panels purchased by the owner or leased by the owner who then transfers the lease to the buyer of the home is liable to, in addition to any other penalty provided by law, a penalty of up to $1,000.

     To highlight the requirements of this bill for consumers, the New Jersey Real Estate Commission in the New Jersey Department of Banking and Insurance is to work in conjunction with the Clean Energy Program in the New Jersey Board of Public Utilities to develop and undertake a public education program. A component of the program is to include the posting on the Internet websites of the Commission and the Program information about this new requirement and related penalties for noncompliance.

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