Distributed generation system financier required to ensure solar installation company is properly licensed and acting within monetary limit of license; agreement voidable for violation; provision of money to solar installation company that is not properly licensed or acting outside monetary limit prohibited.
Nev. Rev. Stat. § 598.982143
in effect1. A distributed generation system financier shall ensure that any solar installation company that installs a distributed generation system for which the distributed generation system financier has executed an agreement for the provision of a distributed generation system loan, an agreement for the lease of a distributed generation system or a power purchase agreement is properly licensed pursuant to chapter 624 of NRS and acting within the monetary limit of the license.
2. If a distributed generation system financier fails to comply with the provisions of subsection 1, the agreement for the provision of the distributed generation system loan, the agreement for the lease of the distributed generation system or the power purchase agreement is voidable by the borrower, lessee or host customer for 3 years after the date on which:
(a) If the distributed generation system will be connected to the power grid, the distributed generation system receives permission from the appropriate public utility to connect to the power grid.
(b) If the distributed generation system will not be connected to the power grid, the distributed generation system passes a final inspection and becomes operational.
3. A distributed generation system financier shall not provide any money for the installation of a distributed generation system pursuant to an agreement for the provision of a distributed generation system loan, an agreement for the lease of a distributed generation system or a power purchase agreement to a solar installation company that is not properly licensed pursuant to chapter 624 of NRS or that is acting outside the monetary limit of the license.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-598.htmlFetched: 10/4/2026