Regulation of contractors; solar installation companies; sale, lease, or power purchase of solar energy systems; civil penalty. Authorizes the Board for Contractors (the Board) to require specific contract provisions and disclosures relating to the sale, lease, or power purchase agreement for a residential solar energy system, as defined in the bill. The bill requires a sale, lease, or power purchase agreement for a residential solar energy system to have a written contract that includes specific provisions related to the solar installation company, system design and performance or production guarantees, and information related to invoices and payments. The bill includes several mandatory disclosures to be included with a sale, lease, or power purchase agreement for a residential solar energy system. Under the bill, a willful violation of such requirements shall be subject to a civil penalty of no more than $2,500 per violation. The bill also directs the Board to adopt regulations and update existing regulations to implement the provisions of the bill by January 1, 2027. The remaining provisions of the bill have a delayed effective date of January 1, 2027. This bill is identical to HB 1439.

Statutes affected:
Introduced: 54.1-1102
General Laws and Technology Substitute: 54.1-1102
Finance and Appropriations Substitute: 54.1-1102
Labor and Commerce Substitute: 54.1-1102
Subcommittee #3 Subcommittee Substitute: 54.1-1102
Conference Report Substitute: 54.1-1102
Enrolled: 54.1-1102