SB2224 - Relating to the execution of a certificate of completion and to imposing certain requirements under a retail installment contract for the purchase of distributed renewable generation resources.

  89R6077 SCR-D     By: Zaffirini S.B. No. 2224       A BILL TO BE ENTITLED   AN ACT   relating to the execution of a certificate of completion and to   imposing certain requirements under a retail installment contract   for the purchase of distributed renewable generation resources.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Section 345.001, Finance Code, is amended by   adding Subdivision (1-a) to read as follows:                 (1-a) "Distributed renewable generation" has the   meaning assigned by Section 39.916, Utilities Code.   The term   includes any electric energy storage installed with the generation.          SECTION 2.  Subchapter B, Chapter 345, Finance Code, is   amended by adding Section 345.0811 to read as follows:           Sec.   345.0811.     DEFERMENT OF RETAIL INSTALLMENT CONTRACTS   FOR DISTRIBUTED RENEWABLE GENERATION RESOURCES ON CERTAIN FAILED   BUILDING CODE INSPECTIONS. (a) A retail buyer who is required by a   retail seller of distributed renewable generation resources to   execute a certificate of completion is entitled to deferment of   installment under Section 345.069 if:                 (1)     the installation of a distributed renewable   generation resource purchased under a retail installment contract   fails a building code inspection resulting from the installation of   the distributed renewable generation resource not later than the   first anniversary of the execution of the certificate of completion   covering the installation; and                 (2)     the retail buyer notifies the retail seller of the   failed building code inspection not later than the 30th day after   the date of the inspection.           (b)     A retail buyer is entitled to a deferment of installment   under Subsection (a) for the period:                 (1)     beginning on the date the retail buyer notifies   the retail seller of the failed building code inspection under   Subsection (a)(2); and                 (2)     ending on the date the retail seller corrects the   work cited by the failed inspection.           (c)     If a retail seller of distributed renewable generation   resources does not correct the work cited by the failed building   code inspection before the 91st day after the date the retail seller   receives the notice under Subsection (a)(2):                 (1)  the certificate of completion is void;                 (2)     the retail seller shall exercise reasonable care   to remove the distributed renewable generation resource   installation and correct any incidental damage to the real property   resulting from the installation and removal; and                 (3)     the retail buyer is entitled to rescind the retail   installment contract and receive a refund of all payments under or   in contemplation of the contract.          SECTION 3.  Section 345.0811, Finance Code, as added by this   Act, applies only to a retail installment contract entered into on   or after the effective date of this Act. A retail installment   contract entered into before the effective date of this Act is   governed by the law in effect on the date the contract was entered   into, and the former law is continued in effect for that purpose.          SECTION 4.  This Act takes effect September 1, 2025.