LB1003

Nebraska LB1003 establishes the Renewable Energy Consumer Protection Act to safeguard consumers in renewable energy transactions.

Nebraska LB1003, the Renewable Energy Consumer Protection Act, aims to protect consumers in transactions involving renewable energy systems and battery energy storage systems. The act mandates that renewable energy sales companies provide clear and comprehensive disclosures to consumers before entering into agreements. These disclosures must include key contract terms, financing details, and a dispute resolution process involving a third-party arbitrator. The act also requires companies to retain copies of signed agreements and warranties for at least ten years.